European Parliament Library

Ghana :, 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ghana

Abstract
This 2008 Article IV Consultation highlights that Ghana’s growth has remained strong, fuelled by both the private and public sectors. The Ghanaian economy maintained strong growth of about 6½ percent in 2007 and the first months of 2008. The private sector has responded positively to macroeconomic stability, structural reforms, and an increasingly business-friendly environment. But fiscal spending also increased, leading to excess demand. Supply-side shocks, especially from international fuel prices, have impacted Ghana negatively, although overall, Ghana’s terms of trade continued to improve
Table Of Contents
Cover; Contents; Executive Summary; I. The Economic Setting; II. Discussions with the Authorities; Boxes; 1. Assessment of Ghana's real effective exchange rate; Figure; 1. External Competitiveness; A. Medium-term Outlook and Risks; B. Near-term Policies to Reduce Risks to Stability; Fiscal policy; 2. How is Ghana's Widening Current Account Deficit Financed?; Monetary and exchange rate policy; Debt sustainability; 3. Joint Debt Sustainability Analysis 2008; Financial sector stability; C. Anchoring Macroeconomic Policy to Sustain Growth; D. Other issues; III. Staff Appraisal; Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (94 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452701042

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