Ghana : 2011 Article IV Consultation and Third and Fourth Reviews Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria, and Rephasing of Disbursements-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana.

Publication Date: June 10, 2011
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Summary: Ghana showed strong growth underpinned by high commodity export prices, the start of oil production, and strong non-oil activity. Executive Directors welcomed this development, and stressed that monetary policy implementation will need to remain vigilant. Directors welcomed the recent approval of an oil revenue management bill. They appreciated measures taken to address stability risks in the banking sector identified by the Financial Sector Assessment Program (FSAP) Update. They emphasized that the focus of the Extended Credit Facility (ECF)-supported program is to expand economic growth through prudent macroeconomic policies supported by structural reforms.
Series: Country Report No. 11/128
Subject(s): Article IV consultation reports | Economic indicators | Extended Credit Facility | Fiscal reforms | Government expenditures | Performance criteria modifications | Staff Reports | Tax collection

Publication Date: June 10, 2011
ISBN/ISSN: 9781455281596/1934-7685 Format: Paper
Stock No: 1GHAEA2011001 Pages: 128
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