IMF Staff Country Reports

Ghana: Sixth and Seventh Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Waiver of Nonobservance of Performance Criteria and Extension of the Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana.

July 27, 2012

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Ghana: Sixth and Seventh Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Waiver of Nonobservance of Performance Criteria and Extension of the Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana., (USA: International Monetary Fund, 2012) accessed November 22, 2024

Summary

The Sixth and Seventh Reviews under the three-year arrangement of the Extended Credit Facility observed that te Ghanaian economy performed well in 2011, but risks to macroeconomic stability have risen recently. Even though debt management capacity and policies have been strengthened, progress has been slow in investment planning. The authorities, to maintain growth, have adopted policies to respond, and program objectives have been set within reach. The authorities have requested for a waiver of nonobservance of performance criteria and an extension of the arrangement.

Subject: Arrears, Central banks, Currencies, Expenditure, External debt, International reserves, Money, Public debt

Keywords: Arrears, Cedi depreciation, CR, Currencies, ECF arrangement, Fuelling inflation, GDP, Global, Headline inflation, Inflation risk, International reserves, ISCR, Spending pressure

Publication Details

  • Pages:

    63

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/201

  • Stock No:

    1GHAEA2012002

  • ISBN:

    9781475506587

  • ISSN:

    1934-7685

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