Ghana: Ex Post Assessment of Longer-Term Program Engagement

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 211

Publication date: June 2007

ISBN: 9781451814996

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Inflation , Public Finance , Taxation - General , ISCR , CR , exchange rate , low-access PRGF , monetary policy , debt management , central bank , economic recovery , private sector , PRGF arrangement , Inflation , Tariffs , Sub-Saharan Africa

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

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. Ghana’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.