Ghana’s
score
on
the
2023
World
Bank
Country
Policy
and
Institutional
Assessment
for
Africa
report
remained
steady
at
3.4,
unchanged
from
the
previous
year.
Similarly,
the
average
score
for
Sub-Saharan
African
countries
also
remained
stable.
Ghana’s
lowest-performing
cluster
for
2023
was
economic
management,
where
it
recorded
2.8,
although
the
figure
was
0.2
points
higher
than
what
was
recorded
in
2022.
For
public
sector
management
and
institutions,
the
country
recorded
a
score
of
3.6.
Additionally,
the
country
scored
3.5
for
its
structural
reforms.
The
report
noted
that
the
central
bank’s
actions
and
fiscal
consolidation
helped
to
reduce
inflation
from
over
50
percent
in
2022
to
23.2
percent
in
December
2023.
It
also
acknowledged
the
government’s
commitment
to
steadfast
fiscal
consolidation
through
several
revenue
and
expenditure
measures.
It
further
argued
that
although
debt
policy
is
weak,
the
authorities
have
been
engaging
with
creditors
to
seek
a
comprehensive
debt
restructuring,
and
they
have
taken
significant
steps
to
enhance
transparency,
including
publishing
an
annual
borrowing
plan
and
an
arrears
clearance
and
prevention
plan.
The
report
also
captured
the
trade
facilitation
strategies
that
have
been
put
in
place
but
noted
challenges
with
consistency,
broken
links
in
the
trade
inquiry
portal,
and
limited
use
of
a
risk-based
approach
for
inspections.
In
2023,
the
average
CPIA
score
for
International
Development
Association
(IDA)
eligible
countries
in
Sub-Saharan
Africa
remained
similar
to
its
2022
level,
at
3.1.
However,
more
countries
saw
improvements
in
their
overall
scores
compared
to
those
that
received
downgrades,
and
fewer
countries’
scores
declined,
compared
to
the
previous
year’s
CPIA
assessment.
The
CPIA
Africa
Report
2024
provides
an
assessment
of
the
quality
of
policies
and
institutions
in
all
39
International
Development
Association
(IDA)
eligible
countries
in
Sub-Saharan
Africa
for
2023.
Scores
in
the
CPIA
range
from
1
to
6.