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August 2, 2018
Policy Brief 5. Integrity: The foundation for a Strong Financial Sector The financial sector is a critical component for economic development in any country. It is the heart of any vital economy, contributing to prosperity and wealth creation through the provision of financial resources to support businesses, mobilizing savings, and accelerating commerce by facilitating payments and transfers. In this special policy brief, Hon. Dr. Kwabena Duffuor, the former Minister of Finance and Economic Planning discussed the importance of integrity in building a strong financial sector.
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August 5, 2018
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 […]
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September 12, 2018
[Occasional Paper 15] Pension Systems- A General Overview Ghana, like most countries, has introduced comprehensive reforms to its pension system, leading to the establishment of a new three-tier pension structure in 2008. This paper looks at the general concept of pensions from the basics and is intended to serve as a source of reference for subsequent papers on pensions. It considers the rationale for pension systems, the types, and models of pension provision, including a review of the two models of pension systems by two leading international organizations; the World Bank and the International Labour Organisation (ILO). It also discusses […]
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September 30, 2018
[Occasional Paper 16] Analysis of Unemployment in Ghana Using District Level National Population Census Data This study analyses unemployment in Ghana using district-level data based on the 2010 and 2000 National Population and Housing Censuses. In line with government’s district-focused policies, including the One District One Factory (1D1F), One District One Ambulance (ODOA), and One Village One Dam (OVOD), this study uses district-level data from the only two national population censuses conducted during the Fourth Republican era, in 2000 and 2010, to analyse the factors influencing the unemployment rate at the district level. Based on the 2010 Census, it was established […]
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October 16, 2018
Fiscal Alert 14: An Assessment of the Proposed US$50 Billion Century Bond for Ghana The Minister of Finance has disclosed that the 2019 Budget will announce the issuing of a US$50 billion century bond that will provide resources to help address major challenges confronting the country, including the cedi depreciation, infrastructural deficit, and low industrial development. A successful century bond will make everybody comfortable about the future of the country’s needs for both infrastructure and foreign exchange so that we have a lot more stability. According to the Minister, the bond will be raised in bits through a shelf offering, […]
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October 23, 2018
Policy Brief 6. Strong Economic Growth And Significant Reduction In Unemployment: The Critical Issues To Address In Ghana’s 2019 Budget The Ghanaian economy has maintained virtually its “colonial structure” 60 years after independence as it still depends largely on cocoa, gold, timber and recently oil as the country’s main export commodities. Exported in raw and unprocessed form, these commodities fetch low prices on international markets where Ghana is a price taker, rendering the economy vulnerable to terms-of-trade shocks. The agriculture sector’s contribution to total output has been falling due to declining productivity. The manufacturing base of the economy has also […]
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