Ghana: Staff Report for the 2003 Article IV Consultation, and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

International Monetary Fund

No 2003/133, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Ghana’s 2003 Article IV Consultation, and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Program implementation in 2002 was mixed. Further gains were made on inflation, and the reserve accumulation target was met. In view of the strength of the authorities’ program, including the prior actions to be taken, the IMF staff supports the request for a three-year PRGF arrangement in the amount of SDR 184.5 million, and for additional interim HIPC relief.

Keywords: ISCR; CR; net; PRGF loan; GPRS outcome; spending priority; completed Ghana Poverty Reduction Strategy; performance target; Inflation; Oil prices; Middle East; West Africa; Global (search for similar items in EconPapers)
Pages: 130
Date: 2003-05-21
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