Delali Tsegah – Page 2 – Institute for Fiscal Studies Ghana

July 31, 2015

Ghana – The 2015 Mid-Year Budget Review

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

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 being less than the target for the period driven by improved revenue mobilization and expenditure containment. Click here to read full report

July 31, 2015

Ghana’s 2015-17 IMF Program

Ghana’s medium-term development prospects have been put at risk after two decades of strong and broadly inclusive growth, due to large fiscal and external imbalances in recent years which have led to a slowdown of economic growth. To address these imbalances and safeguard the bright medium term prospects of the economy, the government embarked on its homegrown economic and financial program, but policy slippages, exogenous shocks, rising interest costs, and acute power shortages undermined the effort. With no option left, the government approached the IMF for a medium term program to enable the country obtain some balance of payments support […]

August 30, 2015

Ghana – Impact of the Falling Crude Oil Prices

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

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 careful look at the implications of its price swings on the economy is required. Click here to read full report

August 31, 2015

The Falling Crude Oil Prices: Mitigating the Risk

Crude oil prices have been falling sharply on the international petroleum market since July 2014. For Ghana, this poses a serious threat in the sense that, this phenomenon could lead to significant reduction in oil revenue which could worsen the projected fiscal deficit in 2015 and in the medium term. This development will naturally have serious negative implications for macroeconomic stability and economic growth in the country. Ghana’s economic recovery therefore seems to be inextricably linked to oil prices recoveries. The recovery also hinges critically on the government’s ability to mitigate the negative consequences of the oil price fall. This […]