Ghana: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria-Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana.

February 8, 2012

Preview Citation

Format: Chicago

Ghana: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria-Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana., (USA: International Monetary Fund, 2012) accessed December 23, 2024

Summary

Ghana’s macroeconomic outlook is positive, and the medium-term policy stance is appropriate. On the fiscal side, the government plans to scale up infrastructure investment and further boost revenues. A revised debt sustainability analysis suggests scope for higher nonconcessional borrowing, provided fiscal targets are achieved. The banking sector remains adequately capitalized and liquid, and reform priorities include reducing nonperforming loans and strengthening banks’ risk management practices. Program risks arise from external and domestic sources.

Subject: Debt sustainability analysis, External debt, Fiscal policy, Fiscal stance, Oil prices, Prices, Public debt, Revenue administration

Keywords: Authorities' concern, Authority, Court ruling, CR, Debt sustainability analysis, ECF arrangement, Fiscal stance, Ghanaian authorities, Global, Government's position, ISCR, Oil prices

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/036
Stock No:

1GHAEA2012001
ISBN:

9781463941048
ISSN:

1934-7685

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