{"id":58307,"date":"2014-10-21T14:09:59","date_gmt":"2014-10-21T14:09:59","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=58307"},"modified":"2014-10-21T17:28:17","modified_gmt":"2014-10-21T17:28:17","slug":"imf-questions-ghana-over-growth-rate-figures","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=58307","title":{"rendered":"IMF questions Ghana over growth rate figures"},"content":{"rendered":"

The International Monetary Fund (IMF) is asking the Ghana Statistical Service (GSS) explain how it arrived at the 6.9 percent figure as the country\u2019s estimated growth for this year.<\/span><\/p>\n

A top official of the GSS\u00a0confirmed this to Citi Business News.<\/strong><\/p>\n

According to the IMF, the figures the Service published just last week were different<\/strong><\/span><\/a> from the ones they sent to the Fund.<\/span><\/p>\n

In an email sent to the Statistical Service, the IMF questioned the methodology they used in arriving at the 6.9% annual growth estimates for 2014 and how the net indirect taxes were computed.<\/span><\/p>\n

[contextly_sidebar id=”INUfzTR1Z1VakBRPyPBnCOtRa9q5lgMq”]The Ghana Statistical Service is expected to respond soon.<\/span><\/p>\n

The said letter was also copied to the National Accountant.<\/p>\n

The International Monetary fund has projected the economy will grow at 4.5% this year contrary to government\u2019s estimates of 7.1%.<\/span><\/p>\n

The last time the IMF questioned figures from the Bank of Ghana<\/strong><\/span><\/a> over the country\u2019s debt to GDP ratio, they backtracked, claiming their official was looking at projected figures<\/strong><\/span><\/a>.<\/span><\/p>\n

Sanjeev Gupta, Deputy Director, Fiscal Affairs Department \u00a0for the IMF said at the\u00a0Fiscal Monitor Report briefing in Washington, that \u201cthe debt-to-GDP ratio in Ghana is 71%, not 60%; so it is much higher than you mentioned.\u201d<\/p>\n

This is contrary to the figures the Monetary Policy Committee of the Bank of Ghana released after examining the health of the economy at the end of June 2014.<\/p>\n

Officials from the IMF are expected back in Ghana in November to begin the third round of talks for a bailout programme.<\/p>\n

On October 9, the team leading Ghana\u2019s negotiations with the IMF traveled to Washington in the United States to begin the second round of negotiations<\/span><\/strong> <\/a>over an economic bailout programme.<\/p>\n

–<\/p>\n

By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund (IMF) is asking the Ghana Statistical Service (GSS) explain how it arrived at the 6.9 percent figure as the country\u2019s estimated growth for this year. A top official of the GSS\u00a0confirmed this to Citi Business News. According to the IMF, the figures the Service published just last week were different from […]<\/p>\n","protected":false},"author":25,"featured_media":48094,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[43,38,4],"class_list":["post-58307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-foresight-medical-center","tag-palaver-newspaper","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58307"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/48094"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}