2.1.4
The
Judicial
Service
has
established
a
Judicial
Complaints
Unit,
headed
by
a
retired
Supreme
Court
Judge
to
address
public
complaints.
2.1.5
The
Public
Procurement
Authority
(PPA)
has
established
a
7-‐member
Appeal
and
Complaints
Committee
to
receive,
investigate
and
advise
the
Authority
on
complaints
from
individuals
and
institutions
concerning
public
procurement.
2.2
Economic
Governance
and
Management
2.2.1
Real
GDP
growth
has
been
resilient
in
the
face
of
external
shocks
and
energy
crises
increasing
marginally
from
about
6.2
percent
in
2006
to
6.3
percent
in
2007
and
is
expected
to
increase
to
7
percent
in
2008
2.2.2
The
Bank
of
Ghana
in
collaboration
with
the
Association
of
Bankers
has
introduced
the
National
Switch
(E-‐Zwich)
and
the
Biometric
Smart
card
(e-‐zwich
smartcard)
as
part
of
the
GIPSS
project.
The
bank
has
also
created
a
common
platform
for
ATMs,
credit
cards,
money
transfers,
as
well
as
accelerated
transaction
settlement
with
automated
cheque
clearing.
2.2.3
Though
the
total
debt
stock
increased
from
USD
7,409.72
million
at
end
of
2007
to
USD8,488.74
million
as
at
end
of
June
2008,
gross
public
debt-‐to-‐GDP
decreased
from
50.80
percent
in
2007
to
46.11
percent
as
at
June
2008.
2.2.4
Government
introduced
the
Fiscal
Responsibility
Bill
during
the
year
in
an
attempt
to
curb
the
overall
fiscal
deficit
and
its
negative
implications
o
macroeconomic
stability
as
well
as
boost
confidence
in
the
international
community.
The
Bill
is
an
indication
of
Ghana’s
commitment
to
fiscal
discipline
and
debt
sustainability.
2.2.5
The
Policy
Analysis
and
Research
Division
of
MoFEP
has
established
an
11-‐member
multidisciplinary
team
to
develop
a
Macroeconomic
Model
for
Ghana.
2.3
Corporate
Governance
2.3.1
The
length
of
time
required
for
business
registration
as
well
as
corrupt
practices
associated
with
registration
has
substantially
decreased
following
the
opening
of
the
ultra-‐modern
front
office
of
the
Registrar-‐General’s
Department
(RGD)
11