Delali Tsegah – Institute for Fiscal Studies Ghana

November 17, 2014

Opening Address: IFS Outdooring Press Conference

IFS Outdooring Press Conference Opening Adress delivered by Dr. Kwabena Duffuor, Founder/President of the Institution for Fiscal Studies (IFS) at the IFS media launch held in Accra, November 17, 2014, at Holiday Inn Hotel, Accra. Click here to read the full speech

November 17, 2014

IFS media launch takes place in Accra

The media launch of the Institute for Fiscal Studies (IFS) took place at the Holiday Inn hotel in Accra on November 17, 2014. Members of the Governing Council of the Institute, its staff, associates, and other important invited personalities joined Dr. Kwabena Duffuor, IFS Founder/President, and Prof. Newman Kusi, the Executive Director, to unveil the Institute to the media and the public. In his speech at the event, Dr. Duffuor shed light on the reason for establishing the Institute as well as its mission and vision.

December 30, 2014

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. To address the economic crisis requires a strong fiscal adjustment in the short term and structural transformation over the medium to long term. Fiscal consolidation has to aim at […]

April 7, 2015

Press Statement By IFS and IMANI

Press Statement By IFS and IMANI On Thursday, 12 March 2015, the Minister for Finance appeared before Parliament to make a statement on the implications of the falling crude oil prices on the 2015 Budget. The Minister also used the opportunity to inform the House of the steps government has taken to address the issue to ensure that its macroeconomic objectives are achieved. Click here to view the full statement

April 15, 2015

RE: Government’s Response to IFS/IMANI Press Statement

RE: Government’s Response to IFS/IMANI Press Statement On Tuesday, 7 April, 2015, the Institute for Fiscal Studies (IFS) and IMANI jointly issued a Press Statement in which the two think-tanks advanced a position that the loss of GH₵2.7 billion worth of revenue to the 2015 Budget from the decline in crude oil prices could have been avoided or mitigated, if the Minister of Finance had taken steps to resume the hedging program that was implemented in the 2010-2012 period. Click here to view the full statement

June 1, 2015

Ghana: Public Debt and Debt Sustainability Issues

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. Debt service now absorbs a large part of domestic revenues, leaving the country vulnerable to shocks. All other debt indicators have deteriorated owing to deteriorated domestic and external borrowing conditions, weak fiscal consolidation, and weakening of the domestic currency. Maintaining the country’s debt sustainability will require a […]