IMF Staff Country Reports

Ghana: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document

Publication Date:

August 9, 2004

Electronic Access:

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Summary:

This paper highlights Ghana’s poverty reduction strategy. The paper also highlights Ghana’s performance in observing the requirements for reaching the floating completion point under the framework, including implementation of the national poverty reduction strategy. The updated debt sustainability analysis shows that the amount of debt relief estimated at the decision point will be sufficient to bring the country’s debt burden indicators to manageable levels. The sensitivity analysis shows that, after completion point, Ghana’s debt sustainability would be robust to moderate country-specific shocks, even of a persistent nature.

Series:

Country Report No. 2004/209

Subject:

Asset and liability management Debt reduction Debt relief Debt service Debt sustainability External debt Oil prices Prices