{
  "title": "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",
  "publication": "IMF Staff Country Reports, August 14, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ghana-2009-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-23193",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ghana-2009-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-23193",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Financial system stability and oversight",
      "content": "- The report highlights that Ghana’s overall financial system remains stable.\n- The regulatory and supervisory framework is described as strong.\n- The payment and settlement infrastructure is described as modern.\n- Financial soundness indicators point to a banking system that is liquid and with capital above statutory levels."
    },
    {
      "heading": "Macroeconomic stance and fiscal policy",
      "content": "- Directors have supported the authorities’ efforts to restore macroeconomic stability by seeking to achieve fiscal sustainability.\n- Noting that Ghana remains at moderate risk of debt distress, Directors have emphasized that further fiscal consolidation will be critical over the medium term."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: August 14, 2009\n- Pages: 111\n- Volume: 2009\n- Issue: 256\n- Series: Country Report No. 2009/256\n- DOI: https://doi.org/10.5089/9781451815047.002\n- Stock No: 1GHAEA2009003\n- ISBN: 9781451815047\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Debt sustainability analysis, External debt, Inflation, National accounts, Prices, Public debt\n- 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\n\nInternational Monetary Fund. 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.\n\n---\n\n Content in this bundle\n\n- Response to Fund Advice\n  - Response to Fund Advice (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Response to Fund Advice (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: August 14, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451815047.002",
    "The report highlights that Ghana’s overall financial system remains stable.",
    "The regulatory and supervisory framework is described as strong.",
    "The payment and settlement infrastructure is described as modern.",
    "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.",
    "Publication date: August 14, 2009",
    "Pages: 111",
    "Volume: 2009",
    "Issue: 256",
    "Series: Country Report No. 2009/256",
    "DOI: https://doi.org/10.5089/9781451815047.002",
    "Stock No: 1GHAEA2009003",
    "ISBN: 9781451815047",
    "ISSN: 1934-7685",
    "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",
    "**Response to Fund Advice**"
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