No Longer Poor: Ghana’s New Income Status and Implications of Graduation from IDA

Todd Moss and Stephanie Majerowicz

No 300, Working Papers from Center for Global Development

Abstract: Ghana’s largest and most important creditor for the past three decades has been the International Development Association (IDA), the soft loan window of the World Bank. That will soon come to an end. The combination of Ghana’s rapid economic growth and the recent GDP rebasing exercise means that Ghana suddenly finds itself above the income limit for IDA eligibility. Formal graduation is imminent and comes with significant implications for access to concessional finance, debt, and relations with other creditors. This paper considers the specific questions related to Ghana’s relationship with the World Bank, as well as the broader questions about the country’s new middle-income status.

JEL-codes: E01 E65 H50 O11 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2012-07
New Economics Papers: this item is included in nep-afr and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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