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Ghana :, Combined First and Second Reviews Under the Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance of Performance Criteria, Modification of Performance Criteria and Rephasing of Disbursements: Staff Report; Staff Statement and Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana

Ghana’s growth of 3–4 percent in 2009 was about twice the estimated average for sub-Saharan Africa. Fiscal performance in 2009 was weaker than programmed, giving rise to substantial new domestic expenditure arrears. The Bank of Ghana (BoG) eased monetary conditions as inflationary pressures receded. Progress in reinvigorating structural reforms gained momentum through end-2009. Growth is projected to strengthen to 4–5 percent in 2010. For 2010, the authorities are targeting a budget deficit of 8 percent of GDP
Table Of Contents
Cover; Contents; Executive Summary; I. Recent Developments and Program Performance; II. Macroeconomic Framework for 2010 and the Medium Term; III. Policy Discussions; A. Reducing the Fiscal Deficit; B. Progress Toward Debt Sustainability; C. Structural Fiscal Reforms; D. Energy Sector Reforms; E. Monetary and Exchange Rate Policies; F. Maintaining Financial Sector Stability; IV. Program Design and Risks; A. Program Design; B. Program Financing; C. Program Risks and Mitigation; V. Staff Appraisal; Boxes; 1. Poverty Reduction Strategy for 2010-13; 2. Framework for Managing Oil and Gas Revenues
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
Form Of Item

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