...Institutional and economic profile Flexibility and performance profile Ghana's economy is recovering, but challenges remain. + Ghana's open economy will remain sensitive to global growth prospects and external financing conditions. + Notwithstanding a third wave of COVID-19, we project average GDP growth of about 4.6% this year and next, as construction, tourism, and retail trade revive. + Ghana has a solid track record of peaceful political transition and democratic accountability. + Authorities produce largely reliable statistical data for national accounts, inflation and monetary aggregates, public finances, and the balance of payments (excluding the international investment position). COVID-19 has hit public finances hard, but attempts at consolidation have begun. + Reflecting expenditure pressures tied to COVID-19, and including the costs from energy and financial sector restructuring, last year's fiscal deficit doubled to 15.2% of GDP on a cash basis. + For this year, we project an...
