Ghana showed strong growth underpinned by high commodity export prices, the start of oil production, and strong non-oil activity. Executive Directors welcomed this development, and stressed that monetary policy implementation will need to remain vigilant. Directors welcomed the recent approval of an oil revenue management bill. They appreciated measures taken to address stability risks in the banking sector identified by the Financial Sector Assessment Program (FSAP) Update. They emphasized that the focus of the Extended Credit Facility (ECF)-supported program is to expand economic growth through prudent macroeconomic policies supported by structural reforms.... and Rephasing of Disbursements-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive ... The process of self- assessment for tax purposes will be extended to all medium- and large taxpayers by mid-2012 ... by mid-2011 plans for a successor small taxpayer regime ( structural benchmark), to be adopted in the 2012 budget. ... national stabilization levy (corporate profit tax) as well as the extended coverage of the communications service tax;anbsp;...
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2011-06-10|