Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review

Ghana has experienced an extended period of robust growth since the early 2000s, supported by a favorable external environment and large investment inflows, particularly in the extractive industries. In 2011, as the start of oil production drove a...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	MACROECONOMIC POLICY FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT PUBLIC EXPENDITURE REVENUE MANAGEMENT TAXATION PUBLIC WAGES PAY REFORM PUBLIC EDUCATION HEALTH AGRICULTURAL PRODUCTIVITY
Online Access:	http://documents.worldbank.org/curated/en/972961498157963462/Fiscal-consolidation-to-accelerate-growth-and-support-inclusive-development-Ghana-public-expenditure-review http://hdl.handle.net/10986/27558

id	okr-10986-27558
recordtype	oai_dc
spelling	okr-10986-275582021-05-25T09:01:58Z Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review World Bank MACROECONOMIC POLICY FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT PUBLIC EXPENDITURE REVENUE MANAGEMENT TAXATION PUBLIC WAGES PAY REFORM PUBLIC EDUCATION HEALTH AGRICULTURAL PRODUCTIVITY Ghana has experienced an extended period of robust growth since the early 2000s, supported by a favorable external environment and large investment inflows, particularly in the extractive industries. In 2011, as the start of oil production drove a surge in per capita income, Ghana graduated from low-income to lower-middle-income status. Despite the key role of the extractive industries, recent growth has been relatively inclusive, and Ghana achieved its Millennium Development Goal of halving the poverty rate by 2015. However, macroeconomic conditions have deteriorated since 2012, giving rise to substantial domestic and external imbalances. Although external shocks have underscored Ghana's vulnerability to global commodity and financial markets, the recurring nature of its imbalances reflects deeper structural deficiencies in its macroeconomic policies and public financial management (PFM) framework. A heavy focus on commodity exports has accelerated Ghana's recent growth, but the country's economic outlook increasingly hinges on a narrow range of volatile commodity prices. 2017-07-13T17:23:05Z 2017-07-13T17:23:05Z 2017-06-19 Report http://documents.worldbank.org/curated/en/972961498157963462/Fiscal-consolidation-to-accelerate-growth-and-support-inclusive-development-Ghana-public-expenditure-review http://hdl.handle.net/10986/27558 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Africa Ghana
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	MACROECONOMIC POLICY FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT PUBLIC EXPENDITURE REVENUE MANAGEMENT TAXATION PUBLIC WAGES PAY REFORM PUBLIC EDUCATION HEALTH AGRICULTURAL PRODUCTIVITY
spellingShingle	MACROECONOMIC POLICY FISCAL POLICY PUBLIC FINANCIAL MANAGEMENT PUBLIC EXPENDITURE REVENUE MANAGEMENT TAXATION PUBLIC WAGES PAY REFORM PUBLIC EDUCATION HEALTH AGRICULTURAL PRODUCTIVITY World Bank Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review
geographic_facet	Africa Ghana
description	Ghana has experienced an extended period of robust growth since the early 2000s, supported by a favorable external environment and large investment inflows, particularly in the extractive industries. In 2011, as the start of oil production drove a surge in per capita income, Ghana graduated from low-income to lower-middle-income status. Despite the key role of the extractive industries, recent growth has been relatively inclusive, and Ghana achieved its Millennium Development Goal of halving the poverty rate by 2015. However, macroeconomic conditions have deteriorated since 2012, giving rise to substantial domestic and external imbalances. Although external shocks have underscored Ghana's vulnerability to global commodity and financial markets, the recurring nature of its imbalances reflects deeper structural deficiencies in its macroeconomic policies and public financial management (PFM) framework. A heavy focus on commodity exports has accelerated Ghana's recent growth, but the country's economic outlook increasingly hinges on a narrow range of volatile commodity prices.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review
title_short	Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review
title_full	Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review
title_fullStr	Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review
title_full_unstemmed	Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review
title_sort	fiscal consolidation to accelerate growth and support inclusive development : ghana public expenditure review
publisher	Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/972961498157963462/Fiscal-consolidation-to-accelerate-growth-and-support-inclusive-development-Ghana-public-expenditure-review http://hdl.handle.net/10986/27558
_version_	1764465308798550016

Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review

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