Ghana: Enhanced Structural Adjustment Facility Economic and Financial Policy Framework Paper, 1998–2000
1998
This document, prepared by the Government of Ghana in collaboration with the staffs of the International Monetary Fund and the World Bank, is the policy framework paper (PFP) for the period 1998-2000. It sets forth the socioeconomic strategy of the Ghanaian authorities in the context of the second and third years of the present Enhanced Structural Adjustment Facility (ESAF) arrangement that was approved in 1995. This arrangement was designed, in part, to address the strong inflationary pressures that had resulted from the lapse in fiscal discipline in 1992 and had failed to abate under the policies pursued in subsequent years. The government is committed to establishing a sound and stable economic environment that will sustain strong economic growth and a broad-based improvement in living standards.
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