A ten-member delegation of the National Assembly of the Republic of Burkina Faso has called on the Institute for Fiscal Studies IFS to gather first-hand knowledge and best practices in Ghana.

The purpose of the visit was to deepen the understanding of the delegation on the role civil society organizations play in ensuring effective monitoring and assessment of Ministries, Departments, and Agencies in Ghana.

Professor Newman Kusi, Executive Director of IFS in his welcome address to the delegation explained IFS’ work in promoting a better understanding of the Ghanaian economy and government finances in particular for the benefit of the government, parliamentarians, the business community, and civil society.

He emphasized the objectivity and independence of the institute in providing economic policy advice and advocacy based on practical experience and insights developed through quality research and analysis.

Commentary on the state of the Ghanaian economy by IFS fellows

The fellows at IFS took turns to brief the parliamentarians on the state of the Ghanaian economy and impact on citizens.

Dr. Said Boakye, a Senior Fellow at IFS elaborated on the current macroeconomy fundamentals of the Ghanaian economy and why citizens should care about these indicators. He touched on the weak economy the present government inherited and explained the efforts being made by the ruling government to attain stability and growth.

Mr. Leslie Mensah, a Research Fellow at IFS, touched on the revenue mobilization challenges the country is facing. Donor funding support for Ghana’s budget has reduced over the past few years as a result of the middle-income status of the country, he noted. Government is adopting new strategies to raise more revenue domestically to finance its expenditure and also utilization technology to block revenue leakages, he added.

Dr. John Kwakye, Director of Research at IFS, spoke on the challenges the financial sector has faced over the last few years and its impact on the Ghanaian citizens. He explained the rationale for the new GH₵400 million minimum capital requirements for banks and steps being taken by the Bank of Ghana to clean up the banking sector

The members of the delegation of the National Assembly of the Republic of Burkina Faso enquired about the design Value Added Tax (VAT) and how it is operationalized in Ghana. The issue of illicit financial flows across Africa was of concern to them and they engaged IFS’ researchers to understand how Ghana was dealing with it.

Other key issues which were discussed during the visit, included the budget monitoring and implementation role civil society organizations like IFS plays in Ghana as well as Ghana’s recent dealings with China for infrastructure development.

At the end of the visit, the delegation commended IFS’ work in enriching economic policy and development in Ghana. Mr. Kaobre Tibila, head of the delegation emphasized the need for more such independent policy research institutes to spearhead the development of African countries.

 

 

 

 

November 7, 2018

Members of the National Assembly of the Republic of Burkina calls on IFS

A ten-member delegation of the National Assembly of the Republic of Burkina Faso has called on the Institute for Fiscal Studies IFS to gather first-hand knowledge and best practices in Ghana.

The purpose of the visit was to deepen the understanding of the delegation on the role civil society organizations play in ensuring effective monitoring and assessment of Ministries, Departments, and Agencies in Ghana.

Professor Newman Kusi, Executive Director of IFS in his welcome address to the delegation explained IFS’ work in promoting a better understanding of the Ghanaian economy and government finances in particular for the benefit of the government, parliamentarians, the business community, and civil society.

He emphasized the objectivity and independence of the institute in providing economic policy advice and advocacy based on practical experience and insights developed through quality research and analysis.

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April 6, 2017

IFS Pre-Budget Forum 2017

1.0 Introduction The Institute for Fiscal Studies, IFS, held its annual Pre-Budget Forum for 2017 at the Kempinski Hotel in Accra on Monday, 13th February 2017 under the theme: “Towards a Healthy National Budget”.

The forum was attended by about 100 participants from diverse stakeholder organizations. These included: Members of the Finance Committee of Parliament; representatives of Ministries, Departments and Agencies; World Bank, IMF, USAID and other development partner organizations; Bank of Ghana; High Commissions and Embassies; Civil Society Organizations; the business community; and other stakeholder groups.

Seated at the high table were Hon. Dr. Kwabena Duffuor, the Founder and President of the IFS and a former Governor of Bank of Ghana, as well as a former Finance Minister; Mr Alex Ashiagbor, Chairman of IFS Governing Council and a former Governor of the Bank of Ghana; Prof. S.K.B. Asante, a member of the IFS Governing Council; Hon. Dr. Assibey-Yeboah, Chairman of the Finance Committee of Ghana’s Parliament; and Prof Newman Kusi, Executive Director of the IFS.

Prof Kusi, who chaired the function, delivered a keynote and welcome address to open the forum, after which two presentations were delivered to set the stage for discussions. The program was moderated by Bernard Naasara Saibu, a broadcast journalist with Starr FM.

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November 5, 2015

IFS and NRGI host Budget 2016 Forum

The Institute for Fiscal Studies (IFS) and the National Resource Governance Institute (NRGI) jointly hosted a forum on the 2016 budget on November 5 at the Alisa Hotel in Accra. The theme for the forum was: Making the Most of Petroleum Revenues.

Nana Frimpong Anokye, Omanhene of the Agona Traditional Area and a Member of the Governing Council of IFS, chaired the event, which also had in attendance Mr. Alex Ashiagbor, the Governing Council Chairman, and Dr. Kwabena Duffuor, Founder of IFS.

In an opening address to the forum, Mr. Alex Ashiagbor said the main idea for the event was to examine the challenges and risks confronting the 2016 budget, what should be expected in light of the challenges and risks, and how natural resource revenues could be better managed to contribute to the sustainable growth and development of Ghana’s economy.

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November 17, 2014

IFS media launch takes place in Accra

The media launch of the Institute for Fiscal Studies (IFS) took place at the Holiday Inn hotel in Accra on November 17, 2014. Members of the Governing Council of the Institute, its staff, associates, and other important invited personalities joined Dr. Kwabena Duffuor, IFS Founder/President, and Prof. Newman Kusi, the Executive Director, to unveil the Institute to the media and the public. In his speech at the event, Dr. Duffuor shed light on the reason for establishing the Institute as well as its mission and vision. (more…)