{"id":225526,"date":"2024-10-04T12:35:39","date_gmt":"2024-10-04T12:35:39","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/04\/ghanas-performance-under-fund-supported-programme-has-been-satisfactory-imf\/"},"modified":"2024-10-04T12:35:39","modified_gmt":"2024-10-04T12:35:39","slug":"ghanas-performance-under-fund-supported-programme-has-been-satisfactory-imf","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/04\/ghanas-performance-under-fund-supported-programme-has-been-satisfactory-imf\/","title":{"rendered":"Ghana\u2019s performance under Fund-supported programme has been satisfactory &#8211; IMF"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">Ghana\u2019s performance under IMF-supported programme has been satisfactory &#8211; IMF<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The International Monetary Fund has revealed that Ghana\u2019s Performance under the IMF-supported programme has been generally satisfactory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Fund, all end-June 2024 quantitative targets were met, and progress on key structural reforms has continued notwithstanding delays in a few areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a statement after reaching a Staff-Level Agreement on the Third Review of the Extended Credit Facility Programme, the Fund said the authorities\u2019 policy and reform efforts under the programme have continued to deliver encouraging results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cEconomic growth in the first half of 2024 was much higher than initially envisaged, primarily fueled by mining, construction, and information and communication activity, with a broadening of the sources of growth across sectors during the second quarter. Inflation has continued to decline\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It however cautioned that the recent dry spell affecting the Northern regions is expected to adversely impact agricultural output, potentially constraining growth and adding pressure on food prices for the remainder of the year. However, the government\u2019s policy response should help mitigate these risks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0In addition, the Fund alluded that the Bank of Ghana is committed to maintaining a tight monetary policy stance to support a continued decline in inflation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On fiscal performance, it said, \u201cFiscal performance in 2024 has so far been strong, and Ghana is on track to achieve a primary surplus on a commitment basis of half percent of GDP, [Gross Domestic Product] despite emerging spending pressures from the recent drought in the northern regions and difficulties in the energy sector\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The discussions with the government and the Bank of Ghana\u2019s centered on reforms to enhance energy sector sustainability and transparency, as well as policies and reforms to strengthen revenue collections and expenditure controls in the run-up to the December elections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe also discussed efforts to strengthen key social protection programs to protect the most vulnerable from the impact of difficult economic circumstances and ongoing policy adjustment\u201d, it added.<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana\u2019s performance under IMF-supported programme has been satisfactory &#8211; IMF The International Monetary Fund has revealed that Ghana\u2019s Performance under the IMF-supported programme has been generally satisfactory. According to the Fund, all end-June 2024 quantitative targets were met, and progress on key structural reforms has continued notwithstanding delays in a few areas. In a statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":68733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-225526","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana\u2019s performance under Fund-supported programme has been satisfactory - IMF - 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\/2024\/10\/04\/ghanas-performance-under-fund-supported-programme-has-been-satisfactory-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s performance under Fund-supported programme has been satisfactory - IMF - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana\u2019s performance under IMF-supported programme has been satisfactory &#8211; IMF The International Monetary Fund has revealed that Ghana\u2019s Performance under the IMF-supported programme has been generally satisfactory. According to the Fund, all end-June 2024 quantitative targets were met, and progress on key structural reforms has continued notwithstanding delays in a few areas. 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IMF The International Monetary Fund has revealed that Ghana\u2019s Performance under the IMF-supported programme has been generally satisfactory. 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