The Institute for Fiscal Studies’ Assessment of the 2022 Budget
January 5, 2022
IFS’ Assessment of the Government of Ghana’s Fiscal Consolidation Efforts in the Face of the Rapidly Deteriorating Macroeconomic Environment
August 18, 2022

Assessment of Ghana’s 2022 budget – Institute for Fiscal studies

IFs Ghana Policy Brief

Ghana has been facing a very difficult fiscal situation for quite some time. Since 2012, the country has run large fiscal deficits, which have led to rapid debt build-up. The ratio of public debt to GDP, which stood at 29.1% in 2011, climbed swiftly to 55.6% in 2016. This led to a sharp increase in interest expenditure from 13.2% of total revenue and grants in 2011 to 35.8% in 2016.

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