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Ghana: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2003/395, IMF Staff Country Reports from International Monetary Fund

Abstract: All quantitative and structural performance criteria for end-June 2003 were observed. These positive results reflect several factors, including improved public expenditure management and strengthened revenue administration (offsetting delays in some of this year's new revenue measures), supported by a bumper cocoa harvest, higher world prices for cocoa and gold, and increased donor inflows. These plans should include civil service reform, energy sector restructuring, reform of land registration, and measures to strengthen governance. The goal of single-digit inflation remains achievable.

Keywords: ISCR; CR; PRGF arrangement; PRGF loan; treasury bill market; staff appraisal; tariff level; Oil prices; Monetary base; Budget planning and preparation (search for similar items in EconPapers)
Pages: 90
Date: 2003-12-30
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