European Parliament Library

Ghana :, Staff Report for the 2014 Article IV Consultation

Abstract
This 2014 Article IV Consultation highlights the emergence of large fiscal and external imbalances since 2012, which has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker external and domestic conditions. Reflecting lower gold and cocoa exports, the current account deficit exceeded 12 percent of GDP. Although recently revised estimates point to an only moderate slowdown in growth to about 7 percent, the fiscal deficit target of 9 percent of GDP was missed by about 1 percentage point. Ghana’ short-term economic outlook is subject to significant risks, and growth is projected to slow to 4¾ percent in 2014
Table Of Contents
Cover; CONTENTS; BACKGROUND AND RECENT DEVELOPMENTS; BOXES; 1. Doing Business in Ghana: Opportunities and Bottlenecks; 2. Inclusive Growth and Economic Transformation; FIGURES; 1. Real Sector Indicators; 2. Fiscal Indicators; 3. External Indicators; OUTLOOK AND RISKS; 3. Reserve Adequacy; 4. External Sustainability; POLICIES TO SAFEGUARD STABILITY AND GROWTH; A. Fiscal Policy: Adjustment and Resilience; B. Monetary Policy: Supporting Macroeconomic Stability; 4. Monetary and Financial Indicators; C. Financial Sector: Containing Exposure to Short-Term Risks; STAFF APPRAISAL; TABLES
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781616356224

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