Ghana: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ghana

International Monetary Fund

No 2008/344, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2008 Article IV Consultation highlights that Ghana’s growth has remained strong, fuelled by both the private and public sectors. The Ghanaian economy maintained strong growth of about 6½ percent in 2007 and the first months of 2008. The private sector has responded positively to macroeconomic stability, structural reforms, and an increasingly business-friendly environment. But fiscal spending also increased, leading to excess demand. Supply-side shocks, especially from international fuel prices, have impacted Ghana negatively, although overall, Ghana’s terms of trade continued to improve.

Keywords: ISCR; CR; debt; deficit; Ghana; NPV; real GDP; headline inflation; IT framework; burden indicator; concessional financing possibility; reform policy; Inflation; Debt sustainability; Global; West Africa (search for similar items in EconPapers)
Pages: 92
Date: 2008-10-20
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