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December 18, 2015
Fiscal Alert 5: Fiscal Incentives to Eligible Renewable Energy Companies The global energy system based on hydrocarbons is undergoing a foundational shift. Global demand for electricity is expected to rise by more than 80 percent from 2010 to 2040, driven by increases in population and GDP. Approximately 20 percent of global electricity generation now comes from renewable energy sources. Renewables accounted for over half of total net additions to electricity generating capacity worldwide in 2012. Energy generation from renewables is expected to increase by almost three times its 2010 level in 2035, with the share in energy generation mix increasing to 31 percent (KPMG, 2013). Click here to read the […]
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December 14, 2015
Fiscal Alert 4 : Ghana: Implications of the Rising Interest Costs to Government One important feature of fiscal management in Ghana in the last few years has been the rapid rise in government borrowing, not just a rise in real debt but also a rise in debt/GDP ratio, pushing the country into a debt trap. With the country posting double-digit fiscal deficits in three consecutive years since 2012 and financed through increased indebtedness, the government is now confronted with a huge and increasing interest payment burden. This paper looks at the trends in interest costs to the government, causes, and what needs to be done to ensure efficient […]
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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
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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
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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
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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
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