Ghana: Staff Report for the 2003 Article IV Consultation, and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries
May 21, 2003
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This paper assesses Ghana’s 2003 Article IV Consultation, and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Program implementation in 2002 was mixed. Further gains were made on inflation, and the reserve accumulation target was met. In view of the strength of the authorities’ program, including the prior actions to be taken, the IMF staff supports the request for a three-year PRGF arrangement in the amount of SDR 184.5 million, and for additional interim HIPC relief.
Subject: Expenditure, Inflation, Oil prices, Prices, Public financial management (PFM), Revenue administration
Keywords: completed Ghana Poverty Reduction Strategy, CR, Global, GPRS outcome, Inflation, ISCR, Middle East, net, Oil prices, performance target, PRGF loan, spending priority, West Africa
Pages:
130
Volume:
2003
DOI:
Issue:
133
Series:
Country Report No. 2003/133
Stock No:
1GHAEA0032003
ISBN:
9781451814842
ISSN:
1934-7685
