Ghana: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Ghana

Publication Date: May 30, 2014
Electronic Access: Free Full text (PDF file size is 1,731KB).
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Summary: This 2014 Article IV Consultation highlights the emergence of large fiscal and external imbalances since 2012, which has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker external and domestic conditions. Reflecting lower gold and cocoa exports, the current account deficit exceeded 12 percent of GDP. Although recently revised estimates point to an only moderate slowdown in growth to about 7 percent, the fiscal deficit target of 9 percent of GDP was missed by about 1 percentage point. Ghana’ short-term economic outlook is subject to significant risks, and growth is projected to slow to 4¾ percent in 2014.
Series: Country Report No. 14/129
Subject(s): Article IV consultation reports | Budget deficits | Fiscal policy | Fiscal consolidation | Monetary policy | Currency swaps | Stress testing | Banks | Economic indicators | Debt sustainability | Staff Reports | Press releases | Ghana

Publication Date: May 30, 2014
ISBN/ISSN: 9781616355609/1934-7685 Format: Paper
Stock No: 1GHAEA2014001 Pages: 73
US$18.00 (Academic Rate:
US$18.00 )
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