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
June 29, 2016

Press Conference on Evaluation of IMF Board’s Second Review Of Ghana’s Extended Credit Facility-Supported Program

Press Conference on Evaluation of IMF Board’s Second Review Of Ghana’s Extended Credit Facility-Supported Program

On Wednesday, 29th June 2016, the Institute for Fiscal Studies (IFS) held a press conference to present its evaluation of the IMF Board’s Second Review of Ghana’s Extended Credit Facility-Supported Program. The event was chaired by Prof. S.K.B. Asante, member of the Governing Council of the IFS. The Head of Research of IFS, Dr. John Kwakye, presented the review on behalf of the Institute.  Also present was Prof. Newman Kwadwo Kusi, Executive Director of IFS. Following the presentation, there was an interactive session during which participants posed questions. The press event was attended by 25 media personnel from 18 media houses.
Click here to view the full statement
Click here to view photos from the press conference
November 24, 2015

Press Statement on the 2016 Budget

On November 5, 2015, the Institute for Fiscal Studies (IFS) and Natural Resource Governance Institute (NRGI) organized a Budget Forum to discuss the economic challenges and risks confronting the country and the issues that needed to be addressed in the 2016 Budget. The Forum identified that, in the last three years, the government has not succeeded in improving the fortunes of the country despite setting ambitious targets every year. And despite the 2015 Budget Statement having a transformational agenda as its main theme, there is no evidence that the economy is being transformed. Real GDP growth has decelerated and, indeed, the projected real GDP growth of 4.1 percent this year will be the second lowest since 2000, driven by declines in the growth rate of all the key sectors of the economy. Growth of the agriculture sector has been decelerating, manufacturing activities have collapsed, having experienced three continuous years of decline, while mining and quarrying will contract this year, the first time in decades. (more…)

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