Ghana, Staff Report for the ... Article IV Consultation and the ... Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria PDF Download

Author:
Publisher:
ISBN:
Category : Ghana
Languages : en
Pages : 98

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Author: Alexandros Kentikelenis
Publisher: Oxford University Press
ISBN: 0190637730
Category : Public welfare
Languages : en
Pages : 281

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"The dominant policy response to economic crises over the past four decades has been the introduction of austerity. How has this mix of budget cuts and reforms to downsize the role of the state evolved over time? What affect has it had on social policies and on people's lives? This book examines the activities of the world's leading advocate of austerity: the International Monetary Fund (IMF). This international organization lends to countries facing economic trouble in exchange for the implementation of far-reaching austerity measures. Drawing on new data, the authors reveal that although the precise content of IMF-mandated austerity has changed considerably over time, the organization continues to place a high burden of reform on countries in crisis. These reforms then decrease the availability of important social services, and contribute to rises in income inequality and declines in population health. These findings form the first systematic assessment of how austerity has impacted people's lives and livelihoods around the world. Will such policy mistakes be avoided in the post-pandemic world? The early evidence presented in this book do not raise grounds for optimism. Public expenditure projections reveal that by 2023, 86 out of 189 countries-mostly middle-income ones-will face contractions in government spending compared to their 2010s average, thereby exposing a cumulative total of 2.3 billion people to the socio-economic consequences of budget cuts"--

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451814925
Category : Business & Economics
Languages : en
Pages : 104

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This 2005 Article IV Consultation highlights that economic performance in Ghana has improved since 2000, with the economy growing at its fastest pace in more than a decade. In 2004, real GDP growth reached 5.8 percent, driven by agriculture and a strong pickup in the services and construction sectors—helped by increased bank credit and private inward remittances. Ghana’s medium-term prospects appear promising, with growth projected to continue at the current relatively high rate, provided that macroeconomic stability becomes further entrenched with fiscal sustainability, inflation declines further, and the government perseveres with structural reform.

Author: K. Bayliss
Publisher: Springer
ISBN: 0230286410
Category : Business & Economics
Languages : en
Pages : 287

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it is increasingly apparent that the privatization experiment in sub-Saharan Africa has failed. This book shows that the state is set to dominate service delivery for the foreseeable future in much of the region, and that the public sector must be considered as a viable policy option for the delivery of water and electricity.

Author: Rosina K. Foli
Publisher: Springer Nature
ISBN: 3031172302
Category : Political Science
Languages : en
Pages : 187

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This book examines the roles played by transnational actors to influence poverty reduction policies in Ghana. Whereas previous studies on anti-poverty policies have primarily focused on the ‘carrot and stick’ approach deployed by transnational actors – whereby developmental assistance is granted in return of certain conditions being met – this book demonstrates that there are several alternative strategies. Indeed, rather than adopting ‘hard’ means of shaping policy, many transnational actors in fact use a ‘soft’ approach characterized by collaboration. In order to demonstrate this, the book examines two poverty reduction programmes. Utilising research based on interviews with national policymakers, civil-society organizations and the media, it compares different approaches used by transnational actors and the attendant outcomes for national and international parties. Drawing on an interdisciplinary perspective, the book will appeal to scholars and students of public policy and international relations.

Author:
Publisher:
ISBN:
Category : Mali
Languages : en
Pages : 94

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Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484317270
Category : Business & Economics
Languages : en
Pages : 124

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This 2017 Article IV Consultation highlights that Ghana has shown mixed macroeconomic performance in recent years, with significant shocks being amplified by policy slippages and resulting external and domestic imbalances. Growth in 2016 was 3.5 percent, the lowest level in two decades. A recovery of growth is expected in 2017–18, owing to an increase in oil production, declining inflation, and lower imbalances with the right policy implementation. Inflation has continued to decline and the exchange rate has been broadly stable. The external position has continued to improve, supported by strong foreign investors’ participation in the domestic debt market. Over the medium term, both the fiscal deficit and the current account deficit are projected to decline gradually.

Author: J. O. Adésn
Publisher: Zed Books
ISBN: 9781842775950
Category : Business & Economics
Languages : en
Pages : 306

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Author: Paul R. Masson
Publisher: Rowman & Littlefield
ISBN: 9780815797531
Category : Business & Economics
Languages : en
Pages : 248

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Africa is working toward the goal of creating a common currency that would serve as a symbol of African unity. The advantages of a common currency include lower transaction costs, increased stability, and greater insulation of central banks from pressures to provide monetary financing. Disadvantages relate to asymmetries among countries, especially in their terms of trade and in the degree of fiscal discipline. More disciplined countries will not want to form a union with countries whose excessive spending puts upward pressure on the central bank's monetary expansion. In T he Monetary Geography of Africa, Paul Masson and Catherine Pattillo review the history of monetary arrangements on the continent and analyze the current situation and prospects for further integration. They apply lessons from both experience and theory that lead to a number of conclusions. To begin with, West Africa faces a major problem because Nigeria has both asymmetric terms of trade—it is a large oil exporter while its potential partners are oil importers—and most important, large fiscal imbalances. Secondly, a monetary union among all eastern or southern African countries seems infeasible at this stage, since a number of countries suffer from the effects of civil conflicts and drought and are far from achieving the macroeconomic stability of South Africa. Lastly, the plan by Kenya, Tanzania, and Uganda to create a common currency seems to be generally compatible with other initiatives that could contribute to greater regional solidarity. However, economic gains would likely favor Kenya, which, unlike the other two countries, has substantial exports to its neighbors, and this may constrain the political will needed to proceed. A more promising strategy for monetary integration would be to build on existing monetary unions—the CFA franc zone in western and central Africa and the Common Monetary Area in southern Africa. Masson and Pattillo argue that the goal of a creating a s

Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498319629
Category : Business & Economics
Languages : en
Pages : 76

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Book Description
This paper uses case studies to explore the nature and extent of past IMF engagement on social spending issues and to draw lessons for future engagement.