Ghana : Staff Report for the 2014 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2014/129

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Ghana.

Economic development.

Fiscal policy--Ghana.

Fiscal policy.

Monetary policy--Ghana.

Monetary policy.

Physical Description:

1 online resource (74 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

Summary:

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.

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

1. Selected Economic and Financial Indicators, 2012-192A. Summary of Budgetary Central Government Operations, 2012-19 (GFS 2001, Cash Basis); 2B. Summary of Budgetary Central Government Operations, 2012-19 (GFS 2001, Cash Basis); 2C. Summary of Budgetary Central Government Operations, 2012-19 (GFS 2001, Commitment Basis); 2D. Summary of Budgetary Central Government Operations, 2012-19 (GFS 2001, Commitment Basis); 3. Monetary Survey, 2011-14; 4. Balance of Payments, 2012-19; 5. Financial Soundness Indicators, 2008-13; 6. Selected Indicators on the Millennium Development Goals, 1990-2013

APPENDIXI. Risk Assessment Matrix; CONTENTS; RELATIONS WITH THE FUND; JOINT WORLD BANK-IMF WORK PROGRAM, 2013-14; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF cover (ebrary, viewed July 17, 2014).

ISBN:

9781616356224

1616356227

9781616356071

1616356073

9781616356293

1616356294

OCLC:

882764491