Group 1 - The International Monetary Fund (IMF) delegation, led by Edward Jemeier, concluded a visit to Senegal focusing on addressing discrepancies in the country's financial data from 2019 to 2023 as disclosed by the audit court [1] - The IMF's visit from August 19 to 26 assessed Senegal's current debt situation and the government's proposed fiscal reform plans, highlighting efforts in fiscal transparency and accountability [1] - The audit firm Mazars revised Senegal's government debt level to 111% of GDP by the end of 2023, significantly higher than the previously reported 74.4%, with projections indicating an increase to 118.8% by the end of 2024 [1] Group 2 - Senegal's economy showed resilience in the first quarter of this year, with a growth rate of 12.1%, primarily driven by the expansion of the oil and gas sector, while non-oil and gas growth remained moderate [1] - Key corrective measures discussed include centralized debt management, clearing outstanding payments, establishing a debt database, and consolidating treasury accounts, with ongoing discussions to be submitted for IMF executive board review [1] - Senegal aims to seek a new round of IMF support aligned with its "Vision 2050," focusing on fiscal transparency, inclusive growth, human capital, and climate resilience [2]

Core Insights - The World Bank predicts that if the Ghanaian government fully implements the tax measures proposed in the 2025 budget report, the increase in fiscal revenue could reach 0.6% of GDP by 2025, aligning with the IMF's targets for economic assistance programs [1] Group 1: Fiscal Measures - The World Bank encourages the Ghanaian government to enhance the capacity of the tax authority, including conducting tax audits at all levels of government [1] - Recommendations include the introduction of a comprehensive tax management system and an electronic procurement system [1] - The government is advised to consolidate all spending accounts into a single treasury account to improve fiscal transparency and enhance the efficiency of fund utilization [1]