IMF Sheds Some Light

June 2007 | Market Alert

A recently released International Monetary Fund Article IV consultation with the Ghanaian authorities distils some of the key achievements hitherto and challenges facing the country on the road ahead. The economy saw brisk expansion in 2006, at 6.2%, on the back of a bumper cocoa harvest, the commissioning of two new gold mines and solid activity in the construction and services sectors. In addition, continued strong inflows of remittances from the Ghanaian diaspora contributed to consumption and private investment in housing.

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