Ghana: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ghana

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 210

Publication date: June 2007

ISBN: 9781451814989

$20.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Finance , Inflation , Money and Monetary Policy , Public Finance , ISCR , CR , authority , Ghana , IMF relation , debt , financial support , broad money , IMF staff estimate , program engagement , IMF-World Bank DSA , reform policy , Current account balance , Debt sustainability , Inflation , Africa , West Africa , Global

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Grenada

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Republic of Congo : 2001 Article IV

Summary

The 2007 Article IV Consultation reports on Ghana’s recent economic and policy development. Public Financial Management (PFM) has been strengthened through improvements in fiscal reporting and deployment of the new computerized payroll management system. Executive Directors commended the Ghanaian authorities for their continued implementation of sound economic policies and structural reforms, which have contributed to strong economic growth. They noted that absent the scaling up of donor assistance in the near future, Ghana has decided to access the international capital market to finance prudently selected infrastructure projects needed for achieving its growth.