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Ghana: Staff Report for the 2014 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2014 Article IV Consultation highlights the emergence of large fiscal and external imbalances since 2012, which has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker external and domestic conditions. Reflecting lower gold and cocoa exports, the current account deficit exceeded 12 percent of GDP. Although recently revised estimates point to an only moderate slowdown in growth to about 7 percent, the fiscal deficit target of 9 percent of GDP was missed by about 1 percentage point. Ghana’ short-term economic outlook is subject to significant risks, and growth is projected to slow to 4¾ percent in 2014.

Suggested Citation

  • International Monetary Fund, 2014. "Ghana: Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 2014/129, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/129
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41574
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    Cited by:

    1. Paul Mosley & Blessing Chiripanhura, 2016. "The African Political Business Cycle: Varieties of Experience," Journal of Development Studies, Taylor & Francis Journals, vol. 52(7), pages 917-932, July.
    2. Jonathan D. Quartey, 2021. "Energizing Africa Sustainably: Lessons from Ghana’s Electricity Infrastructure," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 6(1), pages 1-17, June.

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