Ghana - 2009 External Review of Public Expenditures and Financial Management : Volume 2. The medium term expenditure framework
The 2009 External Review of Public Expenditures and Financial Management (ERPEFM) is the fifth in a series of annual assessments by some of the development agencies that contribute to the Multi-Donor Budgetary Support (MDBS) in Ghana. The review wa...
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| Format: | Public Expenditure Review |
| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090727010015 http://hdl.handle.net/10986/3085 |
| Summary: | The 2009 External Review of Public
Expenditures and Financial Management (ERPEFM) is the fifth
in a series of annual assessments by some of the development
agencies that contribute to the Multi-Donor Budgetary
Support (MDBS) in Ghana. The review was prepared in close
collaboration and after extensive discussions with senior
government officials in the Government of Ghana, in
particular with officials from the ministry of finance and
economic planning. The main purpose of the review is to
inform based on research findings the policy dialogue on
public financial management that takes place in Ghana. The
implementation of the 2009 budget is happening against the
backdrop of the Government's stated objective of
reducing the overall fiscal deficit to 9.4 percent of gross
domestic product (GDP), down from an estimated 14.5 percent
in 2008. The remainder of this chapter is organized as
follows. Section B recapitulates the change in Ghanaian
public finances in 2008. Section C discusses the
country's fiscal outlook and the policy challenges
ahead. Section D closes the chapter with the main
conclusions and recommendations. |
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