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.
On the last issue, Mr. Ashiagbor highlighted the following as important preconditions and policy measures which will facilitate the creation of broad-based prosperity from the exploitation of natural resources: