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
November 15, 2018

Ensuring Strong Broad-Based Economic Growth and Significant Reduction in Unemployment in Ghana

Ensuring Strong Broad-Based Economic Growth and Significant Reduction in Unemployment in Ghana Having witnessed a decline in economic growth in the 1990s on average, Ghana recorded increased rates of economic growth in the 2000s. In 2011 and 2012, the economy of Ghana registered exceptionally high growth rates. Even though this was partly due to the production of oil in commercial... Read more
October 28, 2018

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

Unemployment has become the most serious challenge currently confronting Ghana. Indeed, the unemployment problem has reached a crisis point, given that the rate consistently increased over the most part of the last three decades, and stood at 11.9% at the end of 2015. The overwhelming majority of the unemployed are young people, aged between 15 and 34 years. Only 10% of graduates find jobs after their national service, and available statistics show that sometimes it takes up to 10 years for a large number of graduates to secure employment. Majority of the employed are in the private sector, of which about 90% are in the informal sector. The informal sector is known for its low productivity and very low incomes. The failure of Ghana’s economy to grow at appreciable rates in order to create jobs and improve incomes and livelihoods of Ghanaians has become a major concern. This paper we delved deep into how a strong and broad-based economic growth can be achieved to significantly reduce unemployment in Ghana.
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
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

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