December 18, 2015

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 full report
December 18, 2015

Fiscal Incentives to Eligible Renewable Energy Companies

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 […]
January 29, 2016

Don’t Starve the Public of Vital Information on the Economy

Since May 2015, the Bank of Ghana Monetary Policy Committee’s Press Releases have been very brief and without some vital information. The Committee’s comments on the country’s economic growth, fiscal performance, and developments in the external sector have been truncated to the point of rendering the Press Releases not too useful. The most worrisome aspect of this development is the complete omission of information on the country’s debt situation since May 2015, in spite of the fact that the Bank of Ghana is the institution that actually borrows from the domestic market through the sale of Treasury Bills on behalf […]
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 […]
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 […]
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 […]