Publication:
Ghana - Joint Review of Public Expenditure and Financial Management

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:14:41Z
dc.date.available2012-03-19T10:14:41Z
dc.date.issued2011-10-01
dc.description.abstractThis Chapter discusses Ghana's efforts in 2009 and 2010 to restore macro-economic stability through fiscal consolidation. It underlines that a substantial fiscal adjustment was undertaken, and yielded important results in terms of foreign currency reserves position, consumer prices and exchange rate stability. The adjustment mostly took the form of expenditure containment, and had initially a significant impact on overall economic activity through its negative impact on aggregate demand. This effect was compounded by the absence of relay from the private sector, which found it difficult to access credit from a domestic financial sector crippled with non performing loans, the latter originating for a large extent from the continued accumulation of public expenditure arrears. Meanwhile, Ghana improved domestic resource mobilization, though from a low base. This joint review of public expenditure and financial management is an attempt to fill this gap and re-focus attention on public expenditure effectiveness. The review aims at providing a comprehensive picture of public expenditure patterns. It focuses on a set of sectors, such as health and education, as well as on two important cross-cutting issues from a policy perspective, the wage bill and the fiscal decentralization.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20120315001312
dc.identifier.doi10.1596/2833
dc.identifier.urihttps://hdl.handle.net/10986/2833
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE DEMAND
dc.subjectCONSUMER PRICES
dc.subjectDOMESTIC RESOURCE MOBILIZATION
dc.subjectEXCHANGE RATE STABILITY
dc.subjectEXPENDITURE CONTAINMENT
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DECENTRALIZATION
dc.subjectFOREIGN CURRENCY RESERVES
dc.subjectMACROECONOMIC STABILITY
dc.subjectNONPERFORMING LOANS
dc.subjectPUBLIC EXPENDITURE AND FINANCIAL MANAGEMENT
dc.subjectWAGE BILL
dc.titleGhana - Joint Review of Public Expenditure and Financial Managementen
dspace.entity.typePublication
okr.date.disclosure2012-03-14
okr.date.doiregistration2025-05-07T09:36:02.618953Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20120315001312
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid208551468031785370
okr.identifier.externaldocumentum000386194_20120315001312
okr.identifier.internaldocumentum15936533
okr.identifier.report67466
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/03/15/000386194_20120315001312/Rendered/PDF/674660ESW0P11703014020120Box367873B.pdfen
okr.region.administrativeAfrica
okr.region.countryGhana
okr.region.geographicalWest Africa
okr.region.geographicalSub-Saharan Africa
okr.sectorHealth
okr.sectorGeneral water
okr.sectorsanitation and flood protection sector
okr.sectorGeneral transportation sector
okr.sectorGeneral public administration sector
okr.sectorGeneral education sector
okr.sectorHealth and other social services
okr.sectorWater
okr.sectorWater, sanitation and flood protection
okr.sectorTransportation
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorEducation
okr.topicPublic Sector Economics
okr.topicPublic Sector Expenditure Policy
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPublic Sector Development
okr.unitAFT: PREM 4 (AFTP4)
okr.volume1 of 1
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