Download or read book Monetary Management in Ghana written by Stephen D. Younger and published by Cornell Food & Nutrition Policy Programs. This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ghana written by Cletus K. Dordunoo and published by . This book was released on 1998 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Banking and Monetary Management in Ghana written by Nii Kwaku Sowa and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ghana written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-04-20 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXECUTIVE 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 contracted by the Cocoa Board, but public debt continued to rise at an unsustainable pace. Extended Credit Facility Arrangement (ECF). The Ghanaian authorities have requested a three-year arrangement under the ECF in an amount of SDR 664.20 million (180 percent of quota) in support of their medium-term economic reform program. Program Framework. The authorities’ three year ECF-supported program, anchored on their second Ghana Shared Growth and Development Agenda (GSGDA II), aims at a sizeable and frontloaded fiscal adjustment to restore debt sustainability, rebuild external buffers, and eliminate fiscal dominance of monetary policy, while safeguarding financial sector stability. It focuses on: ? Substantially strengthening the fiscal position by mobilizing additional revenues, restraining the wage bill and other primary spending, while making space for priority spending. The government is also taking additional adjustment measures to help offset lower-than-budgeted oil revenue. A prudent borrowing policy will complement fiscal consolidation efforts to restore debt sustainability. ? Accelerating the reform agenda: strengthening public financial management and expenditure controls, in particular cleaning-up the payroll and enhancing wage bill control; improving revenue collection through tax policy and tax administration reforms; restoring the effectiveness of the inflation-targeting (IT) framework by eliminating fiscal dominance and enhancing monetary policy operations. Risks. Risks to the program include delayed or partial implementation of policies, including next year in the run-up to elections, a slower growth recovery if the electricity crisis is not addressed quickly, and additional negative commodity price shocks. Staff supports the authorities’ request for IMF support. Forceful and sustained implementation of the program will be essential to address macroeconomic imbalances.
Download or read book Ghana written by International Monetary Fund. Institute for Capacity Development and published by International Monetary Fund. This book was released on 2024-09-20 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical assistance (TA) report presents the outcomes of the multi-year Bank of Ghana (BOG) Forecasting and Policy Analysis System (FPAS) TA project, conducted between late-2019 and mid-2024 over a total of seven missions, three in-person and four virtual. The project has focused on upgrading and building new institutional capacity for model-based policy analysis and macroeconomic forecasting, along its integration into monetary policy processes and external communications. BOG staff has made remarkable progress and built a strong skillset in providing analytical support to the policymakers. Model-based work plays an important role in the BOG internal deliberations and represents the key input in forward-looking monetary policy formulation, including in regular external communications. Remaining recommendations relate to ensuring FPAS work sustainability and further streamline external communications.
Download or read book Ghana written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-14 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 2003 Financial Stability Assessment Program (FSAP) update, Ghana’s financial system has undergone rapid growth and structural transformation. The authorities have been implementing reforms to enhance the financial system’s resilience to shocks and its contribution to growth. The vulnerabilities reflect the interplay of several factors, but state involvement is an important element. The other contributory factors include deficiencies in commercial banks’ risk management, supervision, and the insolvency regime. Additional recommendations are detailed in the Report on the Standards and Codes on Compliance (ROSC) with the Basel Core Principles (BCP).
Download or read book Ghana written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-05-02 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Program performance improved in 2017 and macroeconomic conditions have strengthened considerably. Growth increased on the back of expanded oil production; inflation declined; the fiscal deficit was significantly reduced, leading to a primary surplus for the first time in fifteen years; the exchange rate regained stability; and the external position improved, with a large reserve build-up. Challenges remain, though, as a still elevated (albeit declining) debt burden and the economy’s exposure to risks limit policy space; and progress in meeting structural benchmarks remains mixed. Program discussions focused on policies to lock in recent gains to secure continued stability and progress beyond the Fund-supported program (in line with the authorities' goal of "irreversibility" of sound policies).
Download or read book Ghana Selected Issues written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-06-19 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines competitiveness and the equilibrium real exchange rate for Ghana. It estimates a behavioral equilibrium exchange rate model for Ghana to establish to what extent real effective exchange rate (REER) movements have been driven by an adjustment to its equilibrium values, consistent with changing fundamentals. The paper discusses measures of Ghana's external competitiveness other than the gap between the actual and the estimated equilibrium REER. Achievements, challenges, and priorities in the areas of public financial management, wage policy, tax administration, and tax policy are also described in detail.
Download or read book Monetary Policy and Financial Sector Reform in Africa written by Mahamudu Bawumia and published by Booklocker.com. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a chronological account of monetary policy and financial sector reform in Ghana since independence, in the context of developments in the global economy. What informed the choices of the different monetary policy regimes and reforms? What was the impact of the different monetary regimes and financial sector reforms on the performance of Ghana's economy? The book examines these issues and draws lessons on the way forward for Ghana and other African countries.
Download or read book Exchange Rate Management in Ghana written by Stephen D. Younger and published by Cornell Food & Nutrition Policy Programs. This book was released on 1993-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ghana written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-07-27 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Joint Staff Advisory Note of the Poverty Reduction Strategy Paper (PRSP) on Ghana reviews the Ghana Shared Growth and Development Agenda (GSGDA) for the period 2010–13. The GSGDA comprises three volumes: the policy framework, the costing framework, and the monitoring and evaluation framework; and follows Ghana Poverty Reduction Strategy I and II (GPRS-I and GPRS-II). IMF staff finds the underlying sector development plans compelling and well considered. However, important risks to implementation remain, which could reduce Ghana’s ability to meet the GSGDA objectives.
Download or read book Ghana written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-06-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana’s macroeconomic performance has continued to improve, and the program’s objectives are being met. Progress has also been made toward achieving the Millennium Development Goals. Public expenditure and financial management has shown improvement. The medium-term outlook appears favorable and the economy is poised for acceleration in growth. Recent petroleum price adjustments have delayed the disinflation process. The transparency of exchange rate policy is essential. Executive Directors agree with the government’s determination to lay a strong foundation for the private sector to lead growth.
Download or read book Managing the Economic Development of Ghana written by Leslie E. Grayson and published by . This book was released on 1979 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Transmission in Ghana written by Arto Kovanen and published by . This book was released on 2011-11-01 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows that responses to changes in the policy interest rate are gradual in the wholesale market. Prolonged deviation in the interbank interest rate from the prime rate illustrate the challenges the Bank of Ghana faces when targeting a short-term money market interest rate. Asymmetries in the wholesale market adjustment possibly relate to monetary policy signaling, weak policy credibility, and liquidity management. In the retail market, pass-through to deposit and lending interest rates is protracted and incomplete.1
Download or read book The Institutional and Political Framework of Macro economic Management in Ghana written by Eboe Hutchful and published by . This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ghana Macroeconomic Review and Outlook written by and published by . This book was released on 2000 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Examination of Public Financial Management Reforms in Ghana written by Stephen Kwadwo Antwi and published by LAP Lambert Academic Publishing. This book was released on 2015-02-20 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing an insight into Ghana's public financial management processes over the years, this book gives account of the legal and institutional arrangements that have been put in place to ensure sound public financial management to result in improved service delivery, accountability and value for money. The enactments that have been made in attempt to strengthen public expenditure management in order to assure international financial institutions and other donors on how their resources would be secured in Ghana, the gateway to the West African sub-region are examined. Recommendations are made on how the legal and institutional frameworks can be improved to deliver intended results in the country's quest to achieve improved economic growth and development.
