GH-Economic Management Cap. Bldg. Proj.

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The Economic Management Capacity Building Project for Ghana aims at supporting the government to define and perform its role as a facilitator for economic development. Project components: Component 1) will support the development of a framework for prioritization, consensus building and budgeting of public sector reform objectives. Component 2) will support strengthening of the Securities and Exchange Commission (SEC). Component 3) will support strengthening of Bank of Ghana (BOG). Component 4) will support the National Insurance Commission (NIC) in (i) providing technical assistance for the design of the curriculum and strategic plan; (ii) revising and instituting a modern legal and regulatory insurance framework; (iii) capacity building to improve insurance supervision; and (iv) capacity building support to the research and actuarial units;. Component 5) will: (i) provide support to review Ghana Stock Exchange (GSE) rules and regulations; (ii) provide expertise to manage the business and regulatory risks of demutualization; (iii) support GSE automation; and (iv) build GSE staff capacity and that of market operators. Component 6) This component aims to: (i) support the strengthening of legislation for the governance of the pensions sector; (ii) evaluate and design a process for such outsourcing of SSNIT's investment management functions; (iii) strengthen the capacity of SSNIT staff to undertake actuarial simulations of revenue and benefit flows according to different medium-term reform scenarios; and (iv) strengthen the timeliness and accuracy of individual data account records. Component 7) will seek to establish a strengthened banking and non-bank financial institutions system that provides a wide range of competitive products.