November 7, 2018
A ten-member delegation of the National Assembly of the Republic of Burkina Faso has called on the Institute for Fiscal Studies IFS to gather first-hand knowledge and best practices in Ghana. The purpose of the visit was to deepen the understanding of the delegation on the role civil society organizations play in ensuring effective monitoring and assessment of Ministries, Departments, and Agencies in Ghana. Professor Newman Kusi, Executive Director of IFS in his welcome address to the delegation explained IFS’ work in promoting a better understanding of the Ghanaian economy and government finances in particular for the benefit of the […]
November 9, 2018
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 […]
November 20, 2018
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 […]
July 2, 2019
IFS National Pension Dialogue In 2006, Ghana began a review of its pension system to identify ways of ensuring better income security for Ghanaian pensioners. The review culminated in the enactment of a new National Pension Act (Act 766) in 2008. The law establishes a new contributory three-tier pension scheme and a regulatory oversight body, the National Pension Regulatory Authority (NPRA), to oversee administration of the composite pension scheme. Under the law, which remains in force today, 13.5% of an employee’s basic salary is paid to the Social Security and National Insurance Trust (SSNIT) comprising 13% contributed by the employer […]