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 

January 16, 2019
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... 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 

 
October 23, 2018

Strong Economic Growth And Significant Reduction In Unemployment: The Critical Issues To Address In Ghana’s 2019 Budget [6]

Policy Brief 6. Strong Economic Growth And Significant Reduction In Unemployment: The Critical Issues To Address In Ghana’s 2019 Budget

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 sector’s contribution to total output has been falling due to declining productivity. The manufacturing base of the economy has also been shrinking as many state-owned industries privatized years ago have closed down and many private businesses are suffocating under the weight of numerous obstacles. Services have emerged as the leading sector of the economy, but productivity and incomes are low in the sector. The combination of all these factors has slowed Ghana’s economic growth for the most part of the last two decades, with serious implications for job creation. This paper looks at how a strong and broad-based economic growth can be achieved to significantly create jobs in order to reduce unemployment in the country Read full paper