Ghana: Second Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Ghana

January 20, 2016

Preview Citation

Format: Chicago

Ghana: Second Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Ghana, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This paper discusses Ghana’s Second Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criterion (PC). Program implementation has been broadly satisfactory to date, but the economic outlook remains difficult, and risks are tilted to the downside. All PCs were met at end-August 2015, with the exception of the continuous PC on nonaccumulation of external arrears, which was not observed owing to some small payments delays. The IMF staff supports the authorities’ request for a waiver for this, given the corrective actions that will be implemented to avoid new external arrears. The IMF staff recommends completion of the second review.

Subject: Arrears, Budget planning and preparation, External debt, Public debt, Public financial management (PFM)

Keywords: Arrears, Asset quality, Budget planning and preparation, CR, Debt, Debt management strategy, Deficit, Disbursement of SDR, Exchange rate, Financing, Financing mix, Global, Inflation expectation, ISCR, Near-term financing risk

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/016
Stock No:

1GHAEA2016001
ISBN:

9781513560564
ISSN:

1934-7685

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