Ghana: A Review of the 2015 Budget [Occasional Paper 01]
December 30, 2014
Ghana’s 2015-17 IMF Program [Occasional Paper 02]
May 15, 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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