Ghana Resident Representative Site
Resident Representative Office in Ghana
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Ghana and the IMF. Additional information can be found on Ghana and IMF country page, including official IMF reports and Executive Board documents in English that deal with Ghana.
News and Highlights
Pledging Conference Mobilizes US$130 Million for Four IMF African Regional Technical Assistance Centers
The International Monetary Fund (IMF) concluded today a successful pledging session, co-hosted by the African Development Bank (AfDB), with donors pledging to four of the IMF’s five African Regional Technical Assistance Centers (AFRITACs).
IMF and Switzerland Sign Agreement on Switzerland’s Support of Capacity Building for Sub-Saharan Africa Through the IMF African Regional Technical Assistance Centers
Mr. Murilo Portugal, Deputy Managing Director of the International Monetary Fund (IMF), and Ambassador Beatrice Maser Mallor, Head of Economic Cooperation and Development of the State Secretariat for Economic Affairs (SECO), signed today an agreement for a contribution of US$10 million by Switzerland to the IMF’s Africa Regional Technical Assistance Centers (AFRITACs).
Ghana and The IMF
Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund
Ghana: Request For A Three-Year Arrangement Under The Extended Credit Facility; Staff Report; Press Release; and Statement by the Executive Director for Ghana
April 21, 2015
Series: Country Report No. 15/103
Regional Economic Outlook for Sub-Saharan Africa
Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains.
Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight
Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.