The Minister of Finance, Mr Ken Ofori-Atta, is expected to present a Mid-Year Review Statement on the 2019 Budget to Parliament in the next few days. To provide context for public discussion of this important policy statement, the IFS has undertaken a thorough review of the economy. The review examines developments in economic growth, macroeconomic stability, fiscal policy, and the public debt since 2017. It further analyses the characteristics of the economic growth that has been experienced in the period and its implications for employment and incomes. The review further examines macroeconomic stability, fiscal policy performance and public debt and concludes with some important recommendations for consideration by policymakers.

Click here to view the summary of the presentations at the press conference.

Click here to view graphs from the press statements.

 

July 23, 2019

Press Conference: IFS’ Review of the Economy ahead of the Mid-Year Budget Presentation

The Minister of Finance, Mr Ken Ofori-Atta, is expected to present a Mid-Year Review Statement on the 2019 Budget to Parliament in the next few days. To provide context for public discussion of this important policy statement, the IFS has undertaken a thorough review of the economy. The review examines developments in economic growth, macroeconomic stability, fiscal policy, and the... Read more
November 20, 2018
Leslie Mensah delivering post 2019 budget statement

IFS Ghana’s Post-2019 Budget Press Statement

IFS Ghana's Post-2019 Budget Press Statement

Ahead of the reading of the 2019 budget, IFS presented its views and expectations in key areas in a press conference. After the reading, the Institute has assessed the budget in light of its expectations. The Institute is once again meeting with the press to comment on issues it deems pertinent. The presentation will cover:
  • Economic Growth and Job Creation;
  • Fiscal Policy Stance and Realism of the Projections;
  • Domestic Revenue Mobilization;
  • Expenditure Control and Rationalization;
  • Infrastructure Development and financing; and
  • Exiting IMF Financial Program and Legislating Fiscal Responsibility.
Our statement is intended to contribute to the public discussions as well as the debate that will take place in Parliament prior to the approval of the budget. Read the full statement here 
November 9, 2018

Press Release: IFS Ghana’s Expectations on the 2019 Budget

Press Release: IFS Ghana's Expectations on the 2019 Budget

The Minister of Finance, Hon Ken Ofori-Atta is expected to present the 2019 National Budget Statement to Parliament next week.

In this regard, the IFS Ghana held a press conference on Thursday, November 8, 2018, to present the institution's expectations of the budget, given the current state of the economy.

The press conference was in two parts:
The first part covered the main theme of Economic Growth and Unemployment, delivered by Dr. Said Boakye, Senior Fellow, IFS Ghana. Download the presentation here

The second part of the press conference covered Revenue and Expenditure Issues; Borrowing and Debt; Financing Infrastructure; and Financial Sector Developments, presented by Dr. John Kwakye, Research Director, IFS Ghana Read release here 

 
August 11, 2016

Press Release on Ghana’s 2016 Mid-Year Budget Review

Press Release on Ghana's 2016 Mid-Year Budget Review

On Monday, July 25, 2016, Ghana’s Finance Minister, Hon. Seth Terkper, reviewed the 2016 budget and requested Parliament’s approval for supplementary estimates of GH₵1,888.2 million for the 2016 financial year.
IFS summarized the points from the presentation and our observations in this press release.
Click here to view the full statement