Ghana – Impact of the Falling Crude Oil Prices
August 30, 2015
The Falling Crude Oil Prices: Mitigating the Risk
August 31, 2015Ghana – 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.