August 11, 2016

Press Release on Ghana’s 2016 Mid-Year Budget Review

Press Release on Ghana’s 2016 Mid-Year Budget Review On Monday, July 25, 2016, Ghana’s Finance Minister, Hon. Seth Terkper, reviewed the 2016 budget and requested Parliament’s approval for supplementary estimates of GH₵1,888.2 million for the 2016 financial year. IFS summarized the points from the presentation and our observations in this press release. Click here to view the full statement
August 11, 2016

Press Release on Ghana’s 2016 Mid-Year Budget Review

On Monday, July 25, 2016, Ghana’s Finance Minister, Hon. Seth Terkper, presented a mid-year review of the 2016 budget, and requested Parliament’s approval for supplementary estimates of GH₵1,888.2 million for the 2016 financial year. The IFS presented its views on the Minister’s review in a press statement issued on 11th August, 2016. Click here to view the full statement
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 the program were unrealistic, in terms of being overambitious, and needed to be revisited. While most of the revised targets seem more realistic, disappointingly, many—such as growth, inflation, the public debt and current account deficit—indicate that macroeconomic instability will remain […]
June 29, 2016

Press Conference on Evaluation of IMF Board’s Second Review Of Ghana’s Extended Credit Facility-Supported Program

On Wednesday, 29th June 2016, the Institute for Fiscal Studies (IFS) held a press conference to present its evaluation of the IMF Board’s Second Review of Ghana’s Extended Credit Facility-Supported Program. The event was chaired by Prof. S.K.B. Asante, member of the Governing Council of the IFS. The Head of Research of IFS, Dr. John Kwakye, presented the review on behalf of the Institute.  Also present was Prof. Newman Kwadwo Kusi, Executive Director of IFS. Following the presentation, there was an interactive session during which participants posed questions. The press event was attended by 25 media personnel from 18 media […]
June 29, 2016

Press Conference on Evaluation of IMF Board’s Second Review Of Ghana’s Extended Credit Facility-Supported Program

Press Conference on Evaluation of IMF Board’s Second Review Of Ghana’s Extended Credit Facility-Supported Program On Wednesday, 29th June 2016, the Institute for Fiscal Studies (IFS) held a press conference to present its evaluation of the IMF Board’s Second Review of Ghana’s Extended Credit Facility-Supported Program. The event was chaired by Prof. S.K.B. Asante, member of the Governing Council of the IFS. The Head of Research of IFS, Dr. John Kwakye, presented the review on behalf of the Institute.  Also present was Prof. Newman Kwadwo Kusi, Executive Director of IFS. Following the presentation, there was an interactive session during which […]
February 8, 2016

IFS Comments on Bank of Ghana (Amendment) Bill 2015

The Institute for Fiscal Studies has gathered that as part of the structural reforms to strengthen the country’s public finances and fiscal discipline, the International Monetary Fund (IMF) has advised that the Bank of Ghana Act, 2002 (Act 612) be amended. The amendment is intended to significantly strengthen the Central Bank’s functional autonomy, governance, and ability to respond to banking sector crisis. The Bill seeks to plug the loopholes identified in the Act. The amendment also seeks to separate the autonomy provisions from other objectives of the Bank to strengthen the functional autonomy of the Bank of Ghana in the […]