{"id":286641,"date":"2011-03-02T11:41:44","date_gmt":"2011-03-02T11:41:44","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/02\/imf-projects-13-growth-in-ghana%e2%80%99s-economy-in-2011\/"},"modified":"2011-03-02T11:41:44","modified_gmt":"2011-03-02T11:41:44","slug":"imf-projects-13-growth-in-ghanas-economy-in-2011","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/","title":{"rendered":"IMF projects 13% growth in Ghana\u2019s economy in 2011"},"content":{"rendered":"
\n

You Are Here: Home<\/a> \u00bb General News<\/a>, Second Lead<\/a> \u00bb IMF projects 13% growth in Ghana\u2019s economy in 2011<\/p>\n

\n

\t\t\t \tPage last updated at Wednesday, March 2, 2011 11:11 AM \/\/ <\/span>\n\t\t\t <\/div>\n

\t<\/p>\n

\"\"<\/a>The International Monetary Fund (IMF), a member of the World Bank Group has projected Ghana\u2019s economy to grow by about 13 per cent this year.<\/p>\n

According to the IMF the expansion of the economy will be as a result of growth in the non- oil sector and the start of oil production in the country.<\/p>\n

\u201cFor 2011, the economy is projected to expand by about 13 percent, broadly evenly divided between growth of the non-oil economy and the start of oil production. The balance of payments is projected to remain in surplus, despite further import growth\u201d, said Mr Peter Allum, IMF Mission Chief for Ghana, in a press release published on its website.<\/p>\n

Mr Allum, who visited the country together with his IMF team from February 16-March 1, 2011, said it had discussions with government officials for the third and fourth reviews under the IMF\u2019s Extended Credit Facility (ECF) and for the 2011 Article IV consultations.<\/p>\n

On budget policy, Mr Allum and his mission recommended to government that an additional effort should be done to strengthen the projected 2011 outturn, both to limit near-term financing needs and put the budget on a sounder footing over the medium term.<\/p>\n

The IMF mission says Ghana\u2019s tax revenues, at less than 14 percent of GDP in 2010, fall well below the average of 20 percent of GDP for lower middle-income countries and discussions with Dr Kwabena Duffuor, Ghana\u2019s Finance Minister, focused on how to improve revenue performance, as well as on the government\u2019s plans to strengthen expenditure control and develop a comprehensive strategy for managing arrears and related obligations.<\/p>\n

The mission also held talks with Kwesi Amissah-Arthur governor of the Bank of Ghana.<\/p>\n

\u201cDiscussions with the Bank of Ghana focused on sustaining low inflation and policies to address non-performing loans in the banking sector. Risks to inflation have shifted to the upside, reflecting rising demand pressures, global commodity prices, and easing domestic liquidity. To consolidate inflation in single digits, policy tightening may be needed in the course of 2011\u201d Mr Allum said.<\/p>\n

\u201cDuring the mission, progress was made in identifying options to further strengthen fiscal performance and agreement was reached on a range of other policy issues. Continuing discussions will seek to confirm a policy framework that could allow the IMF Executive Board to consider the third and fourth reviews under the ECF together with the 2011 Article IV consultation in May 2011\u201d, He added.<\/p>\n

By Ekow Quandzie<\/p>\n

\n

\"Email\"<\/a>
\n | \"Print<\/a>
\n | Tweet This!<\/a> |
\n\t\t<\/p>\n

\n

Comments<\/h4>\n

\t\t<\/p><\/div>\n<\/p>\n

<\/p>\n

See original here:
\nIMF projects 13% growth in Ghana\u2019s economy in 2011<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb General News , Second Lead \u00bb IMF projects 13% growth in Ghana\u2019s economy in 2011 Page last updated at Wednesday, March 2, 2011 11:11 AM \/\/ The International Monetary Fund (IMF), a member of the World Bank Group has projected Ghana\u2019s economy to grow by about 13 per cent this year. According to the IMF the expansion of the economy will be as a result of growth in the non- oil sector and the start of oil production in the country. \u201cFor 2011, the economy is projected to expand by about 13 percent, broadly evenly divided between growth of the non-oil economy and the start of oil production<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-286641","post","type-post","status-publish","format-standard"],"yoast_head":"\nIMF projects 13% growth in Ghana\u2019s economy in 2011 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"IMF projects 13% growth in Ghana\u2019s economy in 2011 - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb General News , Second Lead \u00bb IMF projects 13% growth in Ghana\u2019s economy in 2011 Page last updated at Wednesday, March 2, 2011 11:11 AM \/\/ The International Monetary Fund (IMF), a member of the World Bank Group has projected Ghana\u2019s economy to grow by about 13 per cent this year. According to the IMF the expansion of the economy will be as a result of growth in the non- oil sector and the start of oil production in the country. \u201cFor 2011, the economy is projected to expand by about 13 percent, broadly evenly divided between growth of the non-oil economy and the start of oil production\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"IMF projects 13% growth in Ghana\u2019s economy in 2011\",\"datePublished\":\"2011-03-02T11:41:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/\"},\"wordCount\":442,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/\",\"name\":\"IMF projects 13% growth in Ghana\u2019s economy in 2011 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg\",\"datePublished\":\"2011-03-02T11:41:44+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IMF projects 13% growth in Ghana\u2019s economy in 2011 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/","twitter_card":"summary_large_image","twitter_title":"IMF projects 13% growth in Ghana\u2019s economy in 2011 - Ghanamma.com","twitter_description":"You Are Here: Home \u00bb General News , Second Lead \u00bb IMF projects 13% growth in Ghana\u2019s economy in 2011 Page last updated at Wednesday, March 2, 2011 11:11 AM \/\/ The International Monetary Fund (IMF), a member of the World Bank Group has projected Ghana\u2019s economy to grow by about 13 per cent this year. According to the IMF the expansion of the economy will be as a result of growth in the non- oil sector and the start of oil production in the country. \u201cFor 2011, the economy is projected to expand by about 13 percent, broadly evenly divided between growth of the non-oil economy and the start of oil production","twitter_image":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/"},"author":{"name":"","@id":""},"headline":"IMF projects 13% growth in Ghana\u2019s economy in 2011","datePublished":"2011-03-02T11:41:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/"},"wordCount":442,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/","name":"IMF projects 13% growth in Ghana\u2019s economy in 2011 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg","datePublished":"2011-03-02T11:41:44+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/imf-projects-13-growth-in-ghanas-economy-in-2011\/#primaryimage","url":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg","contentUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/21081669imf.jpg"},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/286641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=286641"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/286641\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=286641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=286641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=286641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}