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Ghana must make more effort on deficit: IMF
By AfricaTimes on March 5, 2012
Higher-than-expected wage claims and fuel subsidies will mean Ghana must take additional steps to stick to its 2012 deficit target of 5.2 percent of gross domestic product, the International Monetary Fund said.
“To this end, discussions focused on identifying opportunities for fiscal savings from higher revenues or reduced spending including contingency measures that could be activated if needed,” IMF mission chief Christina Daseking said in a statement after a nine-day visit to the country.
