02302cas a2200241 a 4500 AALejournalIMF016102 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513523347 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Ghana : 2019 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Ghana. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (88 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2019 Article IV Consultation with Ghana highlights discussions focused on strengthening institutions and policies to preserve macroeconomic stability and promote inclusive growth, building on the authorities' 'Ghana beyond Aid' strategy. The government headline deficit is projected to reach 4.7 percent of gross domestic product in 2019, driven by lower-than-expected revenues, spending on flagship programs, and unexpected security outlays due to emerging security challenges in the region. Medium-term prospects are favorable, with robust growth driven mostly by the extractive sector. Election-related spending pressures in 2020 constitute the main risk to the baseline scenario. Fiscal risks in the financial and energy sectors could also impact the government deficit. Government borrowing needs are exposed to rollover risk that should be carefully managed as financing conditions could tighten. The commitment to the new fiscal rules is expected to help maintain fiscal discipline, as reflected in the unchanged policy baseline. A more ambitious fiscal stance is called for to reduce macroeconomic risks, accelerate debt reduction, and strengthen the external balance. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/367 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/367/002.2019.issue-367-en.xml IMF e-Library