Ghana: Poverty Reduction Strategy Paper Annual Progress Report

IMF Staff Country Reports, June 15, 2006

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Ghana: Poverty Reduction Strategy Paper Annual Progress Report

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Bibliographic details

• Published: June 15, 2006
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451814941.002

Overview

• This is the third Annual Progress Report on the implementation of the Ghana Poverty Reduction Strategy (GPRS).
• Both the budget and the GPRS propose to tackle issues including reduction in the domestic debt, reduction of inflation to single digits, increasing revenue mobilization, curtailing deficit financing, and rationalization of expenditure through effective monitoring.
• The disbursement of the District Assemblies’ Common Fund (DACF) has improved.
• The macroeconomic indicators show that targets set by the government have been achieved, which has led to a stable economic environment.

Key findings and indicators

• Third Annual Progress Report on GPRS.
• Policy targets and outcomes:
  • Reduction in the domestic debt.
  • Reduction of inflation to single digits.
  • Increasing revenue mobilization.
  • Curtailing deficit financing.
  • Rationalization of expenditure through effective monitoring.
• Public finance and decentralization:
  • The disbursement of the District Assemblies’ Common Fund (DACF) has improved.
• Macroeconomic outcome:
  • Macroeconomic indicators show that targets set by the government have been achieved, resulting in a stable economic environment.

Policy recommendations and priorities (as described in the report)

• Continue efforts to reduce the domestic debt.
• Sustain measures to reduce inflation to single digits.
• Strengthen revenue mobilization strategies.
• Curtail deficit financing to improve fiscal sustainability.
• Rationalize public expenditure through effective monitoring mechanisms.
• Maintain and further improve timely disbursement of the District Assemblies’ Common Fund (DACF).

Subject coverage and keywords

• Subject: Budget planning and preparation, Education, Expenditure, Gender, Health, Poverty, Public financial management (PFM)
• Keywords: Africa, arable land, Budget planning and preparation, civil society, CR, deficit financing, Global, ISCR, legal aid, natural resource, private sector, public expenditure, real GDP

Content in this bundle

• _cr06226 — Executive Summary
  • _cr06226 — Executive Summary (Markdown version)
  • _cr06226 — Executive Summary (PDF)