European Parliament Library

Ghana :, 2011 Article IV Consultation and Third and Fourth Reviews Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria, and Rephasing of Disbursements-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana

Ghana showed strong growth underpinned by high commodity export prices, the start of oil production, and strong non-oil activity. Executive Directors welcomed this development, and stressed that monetary policy implementation will need to remain vigilant. Directors welcomed the recent approval of an oil revenue management bill. They appreciated measures taken to address stability risks in the banking sector identified by the Financial Sector Assessment Program (FSAP) Update. They emphasized that the focus of the Extended Credit Facility (ECF)-supported program is to expand economic growth through prudent macroeconomic policies supported by structural reforms
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; Boxes; 1. Responses to Fund Advice; II Recent Developments and Program Performance; Figures; 1. Rebased National Accounts; 2. Real Sector Indicators, 2001-13; 3. External Indicators, 2000-10; 4. Financial Indicators, 2006-12; 5. Financial Indicators, 2005-11; III. Policy Discussions and the 2011 Program; A. Growth Prospects; B. Fiscal Strategy and Risks; 2. Arrears Regularization in 2010-2013; C. Steps to Improve Tax Collections; 3. Spillovers from Conflict in Côte d'Ivoire and Libya and Global Developments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (129 p.)
Specific Material Designation
Form Of Item

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