[vc_row][vc_column]
November 30, 2015
Fiscal Alert 3: Public Debt and Sustainability: Whither Ghana? Ghana’s public debt stock has risen substantially since it enjoyed HIPC/MDRI debt relief in 2005-2006. The highly expansionary scal position in 2006-2008, nanced by external borrowing, triggered a very rapid deterioration in the country’s debt sustainability. This trend was amplied by the resulting balance of payments pressures and currency depreciation, which led to a revaluation of foreign currency-denominated claims relative to domestic GDP. Click here to read the full report
Do you like it?
August 31, 2015
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. Click here to read full report
Do you like it?
August 30, 2015
Fiscal Alert 2: Ghana – Impact of the Falling Crude Oil Prices This paper looks at the impact of the recent falling crude oil prices on Ghana’s economy. 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 a complex role in Ghana and therefore a careful look at the implications of commodity’s price swing on the economy is very necessary. Click here to read the full report
Do you like it?
July 31, 2015
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 being less than the target for the period driven by improved revenue mobilization and expenditure containment. Click here to read full report
Do you like it?
July 31, 2015
Fiscal Alert 1: Ghana – The 2015 Mid-Year Budget Review On July 12, 2015, the government tabled in Parliament for discussion and approval a mid-year review of the 2015 Budget and supplementary estimates for the 2015 financial year. Prior to that, on June 30, 2015, the IMF had issued its first review press statement on Ghana’s Extended Credit Facility (ECF) program. This brief reviews the mid-year budget and assesses the basis for the government’s revision of the 2015 Budget. Click here to read the full report
Do you like it?
June 1, 2015
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 long term threshold. Click here to read full report
Do you like it?