In contrast to the rapid growth of expenditure, tax revenue in Ghana has remained very low as a share of GDP over the years due to the country’s tax-expenditure regime, including a wide range of exemptions and various forms of preferential tax treatment, concessions and low compliance. The continuous rise of tax exemptions impacts negatively on how much the government mobilizes as revenue to the state. Click here to read the full policy brief.
On 13th November 2019, Finance Minister Ken Ofori-Atta presented the budget statement and economic policy of the government for the 2020 financial year. The statement contained a review of the macroeconomic performance in the first three quarters of 2019 as well as projected fiscal outturns for the whole year. It also outlined the macroeconomic policy direction and targets for 2020 and the medium term. Click here to read the full report.
Ghana National Petroleum Corporation (GNPC), the national oil company, receives close to one-third of the total petroleum revenues of Ghana, placing it at the core of the country’s aspirations towards effective management of its hydrocarbon resources. This policy brief presents the ﬁndings of a study which assessed transparency and efﬁciency in the management of the petroleum revenue allocated to GNPC. Click here to read the full report.
Ghana’s Petroleum Revenue Management Act (PRMA) requires a portion of petroleum revenues to be set aside in the Ghana Petroleum Funds (GPFs) for saving and investment. This policy brief presents the ﬁndings of a study which assessed transparency and efﬁciency in the management of the GPFs. To read the full report, click here.
Since Ghana became a producer and exporter of oil in the late 2010, there has been strong public interest in the management of petroleum revenues accruing to the government, as it is believed that to make the revenues transformative demands their transparent and effective management. This report assess transparency and efﬁciency in the management of these revenues and offers recommendations to address observed shortcomings. Read the full report here.
A team from the Institute for Fiscal Studies (IFS Ghana) has attended the 4th African Network of Parliamentary Budget Officers (AN-PBO) C0nference, dubbed The Role of African Parliaments in Fiscal Oversight: Contributing to the African Union 2063 Development Agenda, which was held from 9th to 12th September 2019, at the Parliament of Ghana. The team presented on the topic Understanding Economic and Fiscal Forecast: Key Elements to Consider, led by Mr. Leslie Mensah, an Economist and Research Fellow at the Institute. The presentation sought to explore tools and approaches that may be used by Parliamentary Budget Officers to verify economic […]