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<\/a>Ghana\u2019s economy is said to have strongly recovered, while growth is expected to exceed 13% in 2011.<\/p>\nInternational Monetary Fund (IMF) officials said these during a meeting with Ghanaian government officials in Accra.<\/p>\n
\u201cGhana\u2019s economy has recovered strongly since the start of the IMF-supported program in 2009. Economic growth is expected to exceed 13% this year, boosted by the start of oil production as well as strong activity in other sectors of the economy,\u201d said Ms Christina Daseking in a statement September 2, 2011 after the team completed its work.<\/p>\n
Officials from the IMF met with Ghanaian authorities during the week of August 29, 2011. The team praised the country\u2019s economic recovery in recent times.<\/p>\n
The IMF team, led by Ms Daseking met with President John Evans Atta-Mills, Finance Minister, Dr. Kwabena Duffuor, Bank of Ghana Governor, Kwesi Amissah-Arthur as well as other senior officials.<\/p>\n
The discussions focused on the country\u2019s recent economic policy performance and challenges for 2012.<\/p>\n
The team observed that Ghana\u2019s inflation rate is now \u201cfirmly in single digits, and the cedi has remained broadly stable against the dollar, underpinned by an improved external position\u201d.<\/p>\n
Tax revenue during the first half of the year shows strong improvements over the same period in 2010, says the IMF adding that \u201cfull-year fiscal targets are achievable with continued control over expenditures.\u201d<\/p>\n
Another IMF team is expected to return to Ghana in the fall of 2011 to conduct discussions for the fifth review of Ghana\u2019s IMF-supported programme under the Extended Credit Facility, the statement said.<\/p>\n
By Ekow Quandzie<\/p>\n
Comments<\/h4><\/p>\n","protected":false},"excerpt":{"rendered":"
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