October 23, 2018

Strong Economic Growth And Significant Reduction In Unemployment: The Critical Issues To Address In Ghana’s 2019 Budget [17]

The Ghanaian economy has maintained virtually its “colonial structure” 60 years after independence as it still depends largely on cocoa, gold, timber and recently oil as the country’s main export commodities. Exported in raw and unprocessed form, these commodities fetch low prices on international markets where Ghana is a price taker, rendering the economy vulnerable to terms-of-trade shocks. The agriculture... Read more
August 2, 2018

No.5: Integrity: The foundation for a Strong Financial Sector

Integrity: The foundation for a Strong Financial Sector

Speech by the Hon. Dr. Kwabena Duffuor, then Minister of Finance and Economic Planning To the Concern Universal Forum, at the British Coucil, Accra, Ghana 12 May 2009
March 28, 2017

No. 4: A Review of Ghana’s 2017 Budget

A Review of Ghana's 2017 Budget

Not too long ago, the Ghanaian economy was one of Africa's strongest. However the economy has witnessed a sharp decline in growth in the last three years. In this Policy Brief, the IFS brings to the attention of the new Government some critical economic challenges along with proposals to address them. IFS' proposals are informed by the Institute's conviction that Ghana needs new, bold and systematic policies capable of bringing about fundamental changes to the economy to enable it to deliver tangible socio-economic benefits to Ghanaians.
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February 14, 2017

No. 3: Fiscal Rigidities and their Effects in Ghana

Fiscal Rigidities and their Effects in Ghana

Many arguments are often advanced to justify the establishment of rigidities in the public budget. However, a number of studies have found that fiscal rigidities pose serious fiscal and macroeconomic challenges in various countries. This paper seeks to assess the extent of rigidity in Ghana's budget, examine the effects of fiscal rigidities in Ghana, and propose recommendations for Government in the face of the challenges posed by fiscal rigidities.
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January 19, 2017

No. 2: Economic Policy Priorities for the New Government

Economic Policy Priorities for the New Government

Not too long ago, the Ghanaian economy was one of Africa's strongest. However the economy has witnessed a sharp decline in growth in the last three years. In this Policy Brief, the IFS brings to the attention of the new Government some critical economic challenges along with proposals to address them. IFS' proposals are informed by the Institute's conviction that Ghana needs new, bold and systematic policies capable of bringing about fundamental changes to the economy to enable it to deliver tangible socio-economic benefits to Ghanaians.
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February 13, 2015

No.1: The Falling Crude Oil Prices: Mitigating the Risk

The Falling Crude Oil Prices: Mitigating the Risk

Crude oil prices have been falling sharply on the international petroleum market since July 2014. For Ghana, this poses a serious threat in the sense that, this phenomenon could lead to significant reduction in oil revenue which could worsen the projected fiscal deficit in 2015 and in the medium term. This development will naturally have serious negative implications for macroeconomic stability and economic growth in the country.
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