Ghana: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ghana
2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ghana
Volume/Issue:
Volume 2021
Issue 165
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ISBN:
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Exports and Imports , Money and Monetary Policy , Public Finance , International - Economics , Industries - Energy , emergency spending , debt vulnerability , expenditure arrears , GSS produce export unit , power sector reform , Energy sector , COVID-19 , Financial sector , Global , Sub-Saharan Africa , Africa , West Africa
Summary
Ghana has been hit hard by the pandemic. The government’s proactive response helped contain the spread of COVID-19, protecting lives and limiting the impact on economic activity. However, partly because of the pandemic, the fiscal position worsened considerably last year, with a sharp increase in public sector debt.
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