Ghana; Ex Post Assessment of Longer-Term Program Engagement

This Ex-Post Assessment of Longer-Term Program Engagement for Ghana explains its experience with particular attention to the IMF's role. Progress in structural reform was slow, but Ghana also avoided mistakes made by some countries that introduced reforms without enough public support. Ghanaâ€™s success in its reforms is embedded in the strengthening of democratic institutions that allow for greater public ownership of the reforms. Continual structural reform is essential to ensure that macroeconomic stabilization is durable. Recent slippages underscore the need to further improve fiscal institutions to control expenditures.

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Year of publication:	2007-06-20
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Debt sustainability analysis \| Economic indicators \| Economic growth \| Economic reforms \| Fund role \| Public debt \| external debt \| central bank \| fiscal discipline \| domestic financing \| debt service \| debt sustainability \| public finances \| domestic debt \| current account \| fiscal deficit \| public expenditure \| external borrowing \| current account deficit \| debt burden \| payment arrears \| debt relief \| debt management \| tax administration \| external public debt \| fiscal management \| external payment \| domestic public debt \| fiscal institutions \| bilateral agreements \| fiscal reports \| domestic borrowing \| fiscal position \| fiscal reporting \| debt problem \| fiscal conditions \| taxation \| commercial borrowing \| external financing \| fiscal losses \| tax system \| fiscal outcome \| debt reduction \| public sector debt \| public sector expenditures \| fiscal sustainability \| structural adjustment \| fiscal issues \| debt management unit \| balance of payments \| reserve accumulation \| fiscal decentralization \| aggregate budget \| nonconcessional debt \| budget system \| government debt \| external debt burden \| debt relief initiatives \| fiscal balances \| external shocks \| external payments arrears \| fiscal activities \| fiscal deficits \| fiscal targets \| tax base \| fiscal conditionality \| public spending \| external obligations \| fiscal liabilities \| credit tranche \| long-term external debt \| fiscal report \| fiscal affairs \| net debt \| aggregate government expenditures \| current account surpluses \| multilateral debt \| budget deficits \| capital expenditure \| commercial debt \| tax revenue \| fiscal performance \| capital expenditures \| quasi-fiscal activities \| debt management strategy \| fiscal policy \| government expenditures \| multilateral loans \| fiscal space \| fiscal developments \| external payments \| debt dynamics \| fiscal operations \| fiscal control \| debt restructuring \| debt accumulation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/211 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244785