Ghana: 2009 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana
August 14, 2009
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This 2009 Article IV Consultation highlights that Ghana’s overall financial system remains stable. The regulatory and supervisory framework is strong, backed by a modern payment and settlement infrastructure. Financial soundness indicators point to a banking system that is liquid and with capital above statutory levels. Directors have supported the authorities’ efforts to restore macroeconomic stability by seeking to achieve fiscal sustainability. Noting that Ghana remains at moderate risk of debt distress, Directors have emphasized that further fiscal consolidation will be critical over the medium term.
Subject: Debt sustainability analysis, External debt, Inflation, National accounts, Prices, Public debt
Keywords: Africa, bill provision, bottom, budget deficit target, consumer price inflation, CR, Debt sustainability analysis, Global, government, Inflation, inflation-targeting framework, ISCR, loan financing, staff appraisal
Pages:
111
Volume:
2009
DOI:
Issue:
256
Series:
Country Report No. 2009/256
Stock No:
1GHAEA2009003
ISBN:
9781451815047
ISSN:
1934-7685
