OCCASIONAL PAPERS

January 19, 2017

The Ghanaian Economy in 2012 – How Accurate was the Reported Fiscal Deficit? [Occasional Paper 08]

Occasional Paper 8. The Ghanaian Economy in 2012 – How Accurate was the Reported Fiscal Deficit? This paper reviews the performance of the Ghanaian economy in 2012, with a view to establishing the accuracy and the causes of the reported huge fiscal deficit, amounting to 11.6% of GDP, posted during the period. The study finds that the strong performance of […]
January 19, 2017

Revenue Earmarking in Ghana: Management and Performance Issues [Occasional Paper 07]

Occasional Paper 7. Revenue Earmarking in Ghana: Management and Performance Issues Although revenue earmarking was seldom used in Ghana before the Fourth Republic, it has now become a common fiscal practice. Specifically, while only two formal earmarking arrangements existed in the country before the Fourth Republic, there are currently 11 arrangements of revenue earmarking with one more in the pipeline.  […]
June 30, 2016

An Evaluation of the Second Review by the IMF Board of Ghana’s Extended Credit Facility-Supported Program, 2015-17 [Occasional Paper 06]

Occasional Paper 6. An Evaluation of the Second Review by the IMF Board of Ghana’s Extended Credit Facility-Supported Program, 2015-17 This paper evaluates the IMF Board’s second review of Ghana’s ECF-supported program, which spans 2015-17. The review revised key macroeconomic targets that generally vindicate the Institute for Fiscal Studies’ (IFS) earlier view that many of the original targets set under […]
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 […]
July 31, 2015

Ghana: The 2015 Mid-Year Budget Review [Occasional Paper 04]

Occasional Paper 4. Ghana: The 2015 Mid-Year Budget Review On July 12, 2015 the Minister for Finance presented to Parliament a mid-year review of the 2015 budget, the performance of the economy during 2014 and the Supplementary Estimates. The presentation revealed that, Ghana’s fiscal performance showed a significant improvement during the first five months of 2015, with the fiscal deficit […]
June 1, 2015

Ghana Debt & Debt Sustainability May 2015 [Occasional Paper 03]

Occasional Paper 3. Ghana Debt & Debt Sustainability May 2015 Ghana’s public debt situation has worsened in recent years and the country now faces a high risk of debt distress and increased overall debt vulnerability. Total public debt service-to-revenue ratio (including payments on external and domestic debt) has not only assumed a rapidly increasing path but has breached its indicative […]