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Ghana - 2009 external review of public expenditures and financial management (Vol. 2) : The medium term expenditure framework (English)

The 2009 External Review of Public Expenditures and Financial Management (ERPEFM) is the fifth in a series of annual assessments by some of the development agencies that contribute to the Multi-Donor Budgetary Support (MDBS) in Ghana. The review was prepared in close collaboration and after extensive discussions with senior government officials in the Government of Ghana, in particular with officials from the ministry of finance and economic planning. The main purpose of the review is to inform based on research findings the policy dialogue on public financial management that takes place in Ghana. The implementation of the 2009 budget is happening against the backdrop of the Government's stated objective of reducing the overall fiscal deficit to 9.4 percent of gross domestic product (GDP), down from an estimated 14.5 percent in 2008. The remainder of this chapter is organized as follows. Section B recapitulates the change in Ghanaian public finances in 2008. Section C discusses the country's fiscal outlook and the policy challenges ahead. Section D closes the chapter with the main conclusions and recommendations.


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    Public Expenditure Review

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    The medium term expenditure framework

  • Keywords

    Social Security and National Insurance Trust;budget process;danish international development;strategic allocation of resources;public sector wage bill;preparation of budget submissions;budget preparation process;sources of fund;budget formulation process;public sector resource;annual budget;hard budget constraint;annual budgetary allocation;budget request;real economic growth;kreditanstalt fur wiederaufbau;public expenditure planning;aggregate fiscal discipline;Exchange Rates;weights and measure;medium-term budgetary framework;macroeconomic and fiscal;fiscal policy objective;category of revenue;vat on import;total public expenditure;expenditures on services;adjustments to revenue;terms of policy;capital investment plan;civil service staffing;medium-term macroeconomic framework;availability of resource;increase in prices;budgetary resource;budget policy;Public Spending;external resource;resource projections;



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Ghana - 2009 external review of public expenditures and financial management (Vol. 2) : The medium term expenditure framework (English). Public expenditure review (PER) Washington, D.C. : World Bank Group.