Year Two Milestones

No. Milestone & Indicator

Quarter

CLIN #1: Improve Policy & Regulatory Environment: Promote Participatory Change 

1.1 Chief of Party/Senior Policy Expert mobilized and performing in Ghana

1

1.2 Annual work plan finalized incorporating GOG priorities

1

1.11 Annual national economic forum in fall (September)

1

1.15 Evaluate progress toward milestones and results

1

1.16 Present budget and legislation to Parliament in January

2

1.17 Town Hall meeting held in one or two regional cities to increase public

3

awareness

CLIN # 2: Adoption & Implementation of Proposed Policy and Regulatory Reforms

2.1 Chief of Party/Senior Policy Expert mobilized and performing in Ghana

1

2.2 Senior monetary economist mobilized and performing in Ghana

1

2.3 Annual work plan finalized incorporating GOG priorities

1

2.14 Document for monitoring expenditure controls

2

2.15 Document on dividends, ways and means, NPART & revaluation account,

2

OMOs, single markets for government securities

2.16 Position paper on BOG role in providing liquidity for markets

2

2.17 Submit proposal for reduced variance & lower average tariffs for

2

Parliament's consideration

2.18 An action plan for reducing controls on importation of agricultural &

2

industrial inputs

2.19 A study on bans and controls on commodities such as rubber, yams and

2

cotton

2.20 An action plan for implementing foreign exchange liberalization policies

2

2.21 An action plan for reduction of customs barriers

2

2.22 Elimination of export bans on products such as cotton lint, natural rubber,

4

scrap metal, yams

CLIN #3: Improvements in Regulation, Management, and Supervision of the Financial

System

3.1 Chief of Party/Senior Policy Expert mobilized and performing in Ghana

1

3.3 Senior monetary economist mobilized and performing in Ghana

1

3.2 Annual work plan finalized incorporating GOG priorities

1

3.8 Training plan and syllabus developed for training BOG and banking system

1

participants in implementing Basle standards

3.9 Strategy document for identifying strategies for broadening the products

1

listed on the GSE

3.10 Simplified version of bank supervision standards published in easy to read

2

version to promote transparency

3.11 Quarterly meetings of the Financial Sector Work Group

3,4,5

CLIN #4: Analysis and Development of Improved Financial Instruments

4.1 Annual work plan finalized incorporating GOG priorities

1

13