Ghana: A Review of the 2015 Budget [Occasional Paper 01]

Occassional Paper 1. Ghana: A Review of the 2015 Budget

Ghana is currently facing serious economic crisis. The country is experiencing a rapidly declining economic growth, double-digit deficits for two years running, current account deficits also in double digits, and a public debt stock which is almost above the sustainable threshold. The domestic currency witnessed a rapid depreciation in the first three-quarters of 2014 amid dwindling foreign reserves and inflation which has crawled back to double digits since January 2013.

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