Ghana: 2013 Article IV Consultation
Electronic Access:
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Summary:
This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in 2012 amid rising fiscal and external imbalances. Fiscal pressures came to the fore in a mounting public sector wage bill and costly energy subsidies that pushed the deficit close to 12 percent of GDP. The growth momentum continues into 2013, with increased oil production projected to keep overall GDP growth close to 8 percent. Non-oil growth is likely to decelerate, however, as a result of energy disruptions and high real interest rates.
Series:
Country Report No. 2013/187
Subject:
Balance of payments Banking Central bank policy rate Credit Current account deficits Financial services Inflation Money Prices Public debt
English
Publication Date:
June 27, 2013
ISBN/ISSN:
9781484377673/1934-7685
Stock No:
1GHAEA2013001
Pages:
113
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