February 10, 2021

Ghana’s Large Public Sector Compensation Bill- Agitations, Policies, Implications, Causes and Recommendations [Occasional Paper No. 22]

The government of Ghana has long complained about the growth of the public sector compensation bill. It has therefore adopted different policy measures over the years to address this phenomenon. However, these policies have not had a lasting impact on the compensation bill growth. Data therefore reveal that the size of the country’s compensation bill as a ratio of total revenue/expenditure has reached alarming proportions in recent years, despite having seen strong declines in the 1980s. We find that the compensation bill is currently posing serious fiscal and macroeconomic difficulties for the country. Although a few studies have been carried […]
February 10, 2021

Exchange Rate Instability In Ghana: The Causes And Remedies [Occasional Paper No. 20]

Exchange Rate Instability In Ghana: The Causes And Remedies [Occasional Paper No. 20]
August 6, 2020

IFS’ Assessment of Government’s Fiscal Policy Amidst COVID-19

Since the outbreak of COVID-19 in Ghana in March 2020, economic policymaking has been dominated by measures to address the many impacts of the pandemic. In particular, fiscal policy has been deployed on a massive scale to shore up the public health response to COVID-19 and also lessen its effects on the economy. According to the government, taking strong efforts now to tackle the COVID-19 shock will pay off eventually by accelerating the country’s recovery from this unprecedented crisis. In addition to policies introduced since March, the government recently announced the Ghana CARES Obaatan Pa Program, a GHȻ100 billion development […]