FiscalAlert 13: Mid-Year Review of the 2018 Budget Statement & Economic Policy

On July 19, 2018, the Minister of Finance presented to Parliament the Government’s Mid-Year Fiscal Policy Review of the 2018 Budget Statement and Economic Policy. According to the Minister of Finance, the overarching goal of government’s macro-fiscal policy is to deepen macroeconomic stability, grow the productive sectors of the economy, create jobs and ultimately move the economy beyond aid. Consequently, the government’s fiscal policy has been designed to reduce the fiscal deficit to ensure debt sustainability without compromising growth. It has also been designed to be growth-friendly, reformative and flexible to enable a quick adaptation to an evolving economy.

The Institute for Fiscal Studies (IFS) has reviewed the Government’s Mid-Year Review of the 2018 Budget and Economic Policy. The review presented below focuses on four thematic issues: an overview of recent macroeconomic performance; fiscal performance and adjustments to the fiscal framework; observations and comments; and conclusions.

Read full paper here
August 5, 2018

Mid-Year Review of the 2018 Budget Statement & Economic Policy

FiscalAlert 13: Mid-Year Review of the 2018 Budget Statement & Economic Policy

On July 19, 2018, the Minister of Finance presented to Parliament the Government’s Mid-Year Fiscal Policy Review of the 2018 Budget Statement and Economic Policy. According to the Minister of Finance, the overarching goal of government’s macro-fiscal policy is to deepen macroeconomic stability, grow the productive sectors of the economy, create jobs and ultimately move the economy beyond aid. Consequently, the government’s fiscal policy has been designed to reduce the fiscal deficit to ensure debt sustainability without compromising growth. It has also been designed to be growth-friendly, reformative and flexible to enable a quick adaptation to an evolving economy.

The Institute for Fiscal Studies (IFS) has reviewed the Government’s Mid-Year Review of the 2018 Budget and Economic Policy. The review presented below focuses on four thematic issues: an overview of recent macroeconomic performance; fiscal performance and adjustments to the fiscal framework; observations and comments; and conclusions.

Read full paper here
August 19, 2017

The Mid-Year Review of the 2018 Budget Statement & Economic Policy

Fiscal Alert 7: The Mid-Year Review of the 2018 Budget Statement & Economic Policy

The Minister for Finance presented the 2017 Mid-Year Budget and Fiscal Policy Review to Parliament on 31st July 2017. Prior to the review, IFS issued an assessment of the performance of the economy and the budget and made recommendations to address shortcomings that it had identified.

During IFS’ pre-Mid-Year Review assessment, most of the data available at the time was up to April. The Minister, however, provided updated data in his review in most cases up to June. The IFS has critically looked at the Mid-Year Review and presents its assessment in this paper.

Read full paper here
July 31, 2015

Ghana – The 2015 Mid-Year Budget Review

Fiscal Alert 1: Ghana - The 2015 Mid-Year Budget Review

On July 12, 2015, the government tabled in Parliament for discussion and approval a mid-year review of the 2015 Budget and supplementary estimates for the 2015 financial year. Prior to that, on June 30, 2015, the IMF had issued its first review press statement on Ghana’s Extended Credit Facility (ECF) program.

This brief reviews the mid-year budget and assesses the basis for the government’s revision of the 2015 Budget.

Click here to read the full report