Ghana: Second Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria

International Monetary Fund

No 2004/210, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the Second Review Under the Poverty Reduction and Growth Facility on Ghana highlights economic developments and policies. Efforts to consolidate the fiscal position continued, and there was no net domestic financing of the budget in 2003, implying a sharp reduction of domestic debt relative to GDP. Progress in structural policies was generally satisfactory, with the important exception of petroleum pricing. Oil marketing companies will be free to set petroleum prices according to a prescribed formula without prior authorization from any public entity.

Keywords: ISCR; CR; pay; wage bill; bill; agency wage payment; GUSS salary structure; fund staff estimate; staff appraisal; SA wage obligation; Oil prices; Poverty reduction strategy; Budget planning and preparation; Sub-Saharan Africa; West Africa; Africa (search for similar items in EconPapers)
Pages: 103
Date: 2004-07-19
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