November 5, 2015

Adding Flesh to the Letter of Act 815: How Has Oil Governance in Ghana Been In the Past 5 Years?

Adding Flesh to the Letter of Act 815: How Has Oil Governance in Ghana Been In the Past 5 Years? Ishmael Ackah (PhD), Head of Policy Unit, Africa Centre for Energy Policy (ACEP) Presented at the Budget 2016 Forum hosted by IFS and NRGI Click here to read the full speech
November 5, 2015

Is Ghana’s Approach to Petroleum Revenue Management Still Credible?

Is Ghana’s Approach to Petroleum Revenue Management Still Credible? Presentation delivered by Mark Evans, Africa Economic Analyst, Natural Resource Governance Institute at the Budget 2016 Forum hosted by IFS and NRGI Click here to read the full speech
November 5, 2015

IFS and NRGI host Budget 2016 Forum

The Institute for Fiscal Studies (IFS) and the National Resource Governance Institute (NRGI) jointly hosted a forum on the 2016 budget on November 5 at the Alisa Hotel in Accra. The theme for the forum was: Making the Most of Petroleum Revenues. Nana Frimpong Anokye, Omanhene of the Agona Traditional Area and a Member of the Governing Council of IFS, chaired the event, which also had in attendance Mr. Alex Ashiagbor, the Governing Council Chairman, and Dr. Kwabena Duffuor, Founder of IFS. In an opening address to the forum, Mr. Alex Ashiagbor said the main idea for the event was […]
August 31, 2015

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. Ghana’s economic recovery therefore seems to be inextricably linked to oil prices recoveries. The recovery also hinges critically on the government’s ability to mitigate the negative consequences of the oil price fall. This […]
August 31, 2015

Ghana – Impact of the Falling Crude Oil Prices [Occasional Paper 05]

Occasional Paper 5. Ghana – Impact of the Falling Crude Oil Prices This paper looks at the impact of the falling crude oil prices on Ghana‘s economy. Crude oil production affects Ghana‘s economic growth while revenues from oil exports and costs of oil imports affect the government budget and macroeconomic performance. Oil thus plays an important role in Ghana and therefore a careful look at the implications of its price swings on the economy is required. Click here to read full report
August 30, 2015

Ghana – Impact of the Falling Crude Oil Prices

Fiscal Alert 2: Ghana – Impact of the Falling Crude Oil Prices This paper looks at the impact of the recent falling crude oil prices on Ghana’s economy. Oil production affects Ghana’s economic growth while revenues from oil exports and costs of oil imports affect the government budget and macroeconomic performance. Oil thus plays a complex role in Ghana and therefore a careful look at the implications of commodity’s price swing on the economy is very necessary. Click here to read the full report