Ghana to Implement the IMF’s Enhanced General Data Dissemination System
Press Release
November, 2018
A Mission of the International Monetary Fund (IMF) visited Accra during October 20-26, 2016, to assist the Ghanaian authorities with the implementation of the Enhanced General Data Dissemination System (e-GDDS), which was endorsed by the IMF Executive Board in May 2015. The Mission supported the development of the National Summary Data Page (NSDP), which will be accessible from the Coordinating Agency website, utilizing the Statistical Data and Metadata Exchange (SDMX). The page aims to serve as a one-stop platform for the publication of essential macroeconomic data. This places Ghana in the first wave of countries in Sub-Saharan Africa to implement the recommendations of the e-GDDS.
Publication of essential macroeconomic data through the new NSDP will provide national policy makers and domestic and international stakeholders, including investors and rating agencies, with easy access to information that the IMF’s Executive Board has identified as critical for monitoring economic conditions and policies. Making this information easily accessible in both human and machine-readable formats, and according to an Advance Release Calendar, will allow all users to have simultaneous access to timely data and will bring greater data transparency.
Implementation of the e-GDDS is an important statistical milestone for Ghana. The NSDP will give users access to full information about Ghana’s essential macroeconomic data.
Background
The e-GDDS was established by the IMF’s Executive Board in May 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance. The e-GDDS supersedes the GDDS, which was established in 1997. A link to the country’s NSDP will be available on the IMF’s Dissemination Standards Bulletin Board (DSBB) at http://dsbb.imf.org.
Contact Information
Enquiries may be directed to National eGDDS Coordinator
Office of the Director, Economic Research and Forecasting Division
Ministry of Finance
Email: mgaddah@mofep.gov.gh
ISSUED BY
PUBLIC RELATIONS UNIT, MINISTRY OF FINANCE