December 1, 2018

Ghana’s Financial and Insurance Sector is in Crisis

Ghana’s financial system underwent rapid growth and major transformation over the last two decades, which brought new opportunities and risks. Government implemented reforms to enhance the financial system’s resilience to shocks and its contribution to economic growth. The reforms were also aimed at strengthening the regulatory and supervisory framework and financial infrastructures. Despite these reforms, financial stability risks have heightened... Read more
November 19, 2018

The 2018 Fiscal Policy Objectives and Targets: What has changed?

The 2018 Fiscal Policy Objectives and Targets: What has changed? Ghana has been facing fiscal difficulties since 2012 and the effects were at the forefront of the fiscal challenges that confronted the NPP government that came into office in 2017. For most of the past six years, large persistent fiscal deficits and a rising debt burden have posed an increas-... Read more
October 16, 2018

FiscalAlert14: An Assessment of the Proposed US$50 Billion Century Bond for Ghana

The Minister of Finance has disclosed that the 2019 Budget will announce the issuing of a US$50 billion century bond that will provide resources to help address major challenges confronting the country, including the cedi depreciation, infrastructural deficit, and low industrial development. A successful century bond will make every- body comfortable about the future of the country’s needs for both... Read more
August 5, 2018

FiscalAlert13: Mid-Year Review of the 2018 Budget Statement & Economic Policy

Mid-Year Review of the 2018 Budget Statement & Economic Policy On July 19, 2018, the Minister of Finance presented to Parliament the Government’s Mid-Year Fiscal Policy Review of the 2018 Budget Statement and Economic Policy. According to the Minister of Finance, the overarching goal of government’s macrofiscal policy is to deepen macroeco- nomic stability, grow the productive sectors of the... Read more
May 8, 2018

FiscalAlert12: Ghana’s Economic Development: Past, Present and the Future.

Ghana’s Economic Development: Past, Present and the Future. After a successful implementation of an unprecedented program of economic recovery over a decade, perceived by the international community as an example of adjustment with growth and a model for the rest of Africa, Ghana held its first multi-party elections in 1992, taking a deci- sive step to return to multi-party democrat-... Read more
March 12, 2018

FiscalAlert11: The Growing Ghana’s Public Debt and Its Implications for the Economy

The Growing Ghana’s Public Debt and Its Implications for the Economy Rising public expenditures in the context of persistently weak revenue performance has undermined Ghana’s fiscal and debt sustainability in recent years. As the coun- try’s fiscal risks remained high, credible fiscal consolidation was required to reverse the unfavorable debt dynamics and reduce domestic refinancing risks. The fiscal management strategy... Read more

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