LEADER 04313nam 2200589 450 001 9910464067603321 005 20200520144314.0 010 $a1-4755-6796-0 010 $a1-4843-2842-6 035 $a(CKB)2670000000617931 035 $a(EBL)2056318 035 $a(SSID)ssj0001537012 035 $a(PQKBManifestationID)11829797 035 $a(PQKBTitleCode)TC0001537012 035 $a(PQKBWorkID)11513211 035 $a(PQKB)11020270 035 $a(MiAaPQ)EBC2056314 035 $a(Au-PeEL)EBL2056314 035 $a(CaPaEBR)ebr11060820 035 $a(OCoLC)910447108 035 $a(EXLCZ)992670000000617931 100 $a20150611h20152015 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGhana $erequest for a three-year arrangement under the extended credit facility; staff report; press release; and statement by the executive director for Ghana /$fInternational Monetary Fund 210 1$aWashington, District of Columbia :$cInternational Monetary Fund,$d2015. 210 4$dİ2015 215 $a1 online resource (126 p.) 225 1 $aIMF Country Report ;$v15/103 300 $aDescription based upon print version of record. 311 $a1-4843-2825-6 311 $a1-4843-2861-2 327 $aCover; CONTENTS; BACKGROUND AND RECENT DEVELOPMENTS; FIGURES; 1. Real Sector Indicators; 2. Fiscal Indicators; 3. External Indicators; 4. Monetary and Financial Indicators; POLICIES UNDER A THREE-YEAR ECF ARRANGEMENT; A. Program Objectives and Macroeconomic Framework; B. Fiscal Policy: Achieving an Ambitious Fiscal Consolidation; C. Structural Reforms to Strengthen Public Finances and Fiscal Discipline; D. Monetary Policy and Exchange Rate Regime; E. Financial Sector: Preserving Financial Stability; F. The Growth and Social Protection Agenda 327 $aPROGRAM MODALITIES, FINANCING ASSURANCES, AND RISKSSTAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2011-17; 2a. Summary of Budgetary Central Government Operations, 2011-17 (GFS 2001, Cash Basis, in percent of GDP); 2b. Summary of Budgetary Central Government Operations, 2011-17 (GFS 2001, Cash Basis, millions of GHc); 2c. Summary of Budgetary Central Government Operations, 2011-17 (GFS 2001, Commitment Basis); 2d. Summary of Budgetary Central Government Operations, 2011-17 (GFS 2001, Commitment Basis, millions of GHc); 3. Monetary Survey, 2011-15 327 $a4. Balance of Payments, 2011-175. External Financing Requirements and Sources, 2014-17; 6. Indicators of Capacity to Repay the Fund, 2015-27; 7. Proposed Schedule of Reviews and Purchase Under the ECF Arrangement, 2015-18; 8. Financial Soundness Indicators, 2010-14; ANNEX; I. Deepening the Domestic Debt Market in Ghana; Three-Year Arrangement Under the Extended Credit Facility; APPENDIX; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies, 2015-17; Attachment II. Technical Memorandum of Understanding; A. Government; B. Bank of Ghana 327 $aC. Non-accumulation of New External Arrears D. Ceiling on the Contracting or Guaranteeing of New Non-concessional External Debt; E. Adjusters to the Program Targets; F. Provision of Data to the Fund; CONTENTS; RELATIONS WITH THE FUND; JOINT WORLD BANK-IMF WORK PROGRAM, 2014-15; STATISTICAL ISSUES 330 $aEXECUTIVE SUMMARY Context. The emergence of large fiscal and external imbalances in recent years, which led to a slowdown in growth, is putting Ghana's medium-term prospects at risk. The Government's efforts to achieve fiscal consolidation since mid-2013 have been undermined by policy slippages, external shocks and rising interest cost. Until mid- 2014, the net international reserves position had further weakened and the exchange rate depreciated sharply, fueling inflationary pressures. The situation has stabilized on the back of the Eurobond issued in September and a short-term loan contracte 410 0$aIMF country report ;$v15/103. 607 $aGhana$xEconomic conditions 607 $aGhana$xEconomic policy 608 $aElectronic books. 676 $a330.9667 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464067603321 996 $aGhana$9739385 997 $aUNINA