Ghana: Sixth and Seventh Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Waiver of Nonobservance of Performance Criteria and Extension of the Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana.
July 27, 2012
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The Sixth and Seventh Reviews under the three-year arrangement of the Extended Credit Facility observed that te Ghanaian economy performed well in 2011, but risks to macroeconomic stability have risen recently. Even though debt management capacity and policies have been strengthened, progress has been slow in investment planning. The authorities, to maintain growth, have adopted policies to respond, and program objectives have been set within reach. The authorities have requested for a waiver of nonobservance of performance criteria and an extension of the arrangement.
Subject: Arrears, Central banks, Currencies, Expenditure, External debt, International reserves, Money, Public debt
Keywords: Arrears, cedi depreciation, CR, Currencies, ECF arrangement, fuelling inflation, GDP, Global, headline inflation, inflation risk, International reserves, ISCR, spending pressure
Pages:
63
Volume:
2012
DOI:
Issue:
201
Series:
Country Report No. 2012/201
Stock No:
1GHAEA2012002
ISBN:
9781475506587
ISSN:
1934-7685
