## 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

_IMF Staff Country Reports, August 14, 2009_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/ghana-2009-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-23193/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/ghana-2009-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-23193/index.json)
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## Bibliographic details
- Published: August 14, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815047.002

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### Financial system stability and oversight
- 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.

### Macroeconomic stance and fiscal policy
- 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 and metadata
- 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

### Subjects and keywords
- 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

*International 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.*

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## Content in this bundle

- **Response to Fund Advice**
  - [Response to Fund Advice (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09256.pdf.md){rel="alternate" type="text/markdown"}
  - [Response to Fund Advice (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09256.pdf){rel="external" type="application/pdf"}

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_Source: 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_