Ghana: First Review Under the Extended Credit Facility Arrangement and Request for Waiver and Modifications of Performance Criteria - Press Release; Staff Report; and Statement by the Executive Director for Ghana

International Monetary Fund

No 2015/245, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Ghana’s First Review Under the Extended Credit Facility Arrangement and Request for Waiver and Modifications of Performance Criteria (PC). Program performance has been broadly satisfactory. All but one PC were met at end-April 2015 and structural benchmarks were largely completed, some with delays. However, there was nonobservance of the continuous PC on the ceiling on gross credit to government by Bank of Ghana in April by a small margin and the indicative targets on inflation and social protection spending were missed, the latter because of a very slight delay in some spending. The economic environment remains challenging and risks are tilted to the downside. The IMF staff recommends completion of the first review.

Keywords: ISCR; CR; payment; payment notice; debt management strategy; fiscal consolidation effort; clearance plan; overdue payment; Arrears; Government debt management; Fiscal consolidation; Global (search for similar items in EconPapers)
Pages: 101
Date: 2015-09-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=43243 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2015/245

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().