European Parliament Library

Ghana :, 2009 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana

This 2009 Article IV Consultation highlights that Ghana’s overall financial system remains stable. The regulatory and supervisory framework is strong, backed by a modern payment and settlement infrastructure. Financial soundness indicators point to a banking system that is liquid and with capital above statutory levels. Directors have supported the authorities’ efforts to restore macroeconomic stability by seeking to achieve fiscal sustainability. Noting that Ghana remains at moderate risk of debt distress, Directors have emphasized that further fiscal consolidation will be critical over the medium term
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; Boxes; 1. Response to Fund Advice; II. Background; III. Policy Discussions; A. Growth Prospects and Risks; B. Policy Mix in 2009 and 2010; C. Strategy for Fiscal Consolidation; D. Monetary, Exchange Rate, and Financial Sector Policies; 2. Inflation-Targeting Framework; 3. Exchange Rate Assessment; 4. Challenges for Ghana's Financial System; E. Other Issues; IV. The New PRGF Arrangement; A. Program Objectives and Design; B. Program Monitoring; C. Structural Conditionality; D. Program Financing; E. Program Risks and Mitigation
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (112 p.)
Specific Material Designation
Form Of Item

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