Ghana: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility
December 30, 2003
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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.
Subject: Banking, Budget planning and preparation, Expenditure, Monetary base, Money, Oil prices, Poverty reduction strategy, Prices, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, ISCR, Monetary base, Oil prices, PRGF arrangement, PRGF loan, staff appraisal, tariff level, treasury bill market
Pages:
90
Volume:
2003
DOI:
Issue:
395
Series:
Country Report No. 2003/395
Stock No:
1GHAEA0052003
ISBN:
9781451814880
ISSN:
1934-7685
