Latest Research
August 14, 2026
The mid-year budget review that was presented to Parliament on July 23, 2026, provided an opportunity for the government to report on the implementation of the 2026 budget, reassess the macroeconomic and fiscal outlooks for the year, and outline policy measures to support the realization of the government’s economic and fiscal objectives for 2026. This paper critically analyzes the review. Even though we find aspects of the review and the macroeconomic developments that are positive, we identify in this paper a number of important weaknesses about the review, which have undermined the credibility of the budget and the government’s ability […]
December 20, 2025
The 2026 budget statement, tabled by the government on November 13, 2025, has thetheme “Resetting for Growth, Jobs, and Economic Transformation.” According to thegovernment, the core policy objectives are to consolidate macroeconomic stability,accelerate economic transformation and job creation, and strengthen national security and the social sectors to promote inclusive growth.
November 5, 2025
Importation of rice has been a serious issue of concern for the government of Ghana since the 1960s, due to its balance of payments, exchange rate, and food security implications. Therefore, over the years, the government has pursued a number of strategies to stem it. Yet, not only do data reveal that the strategies have failed to curtail it, they also reveal that rice importation has accelerated in recent years, making it assume alarming proportions. This is because, even though the government is generally aware of the challenges facing the country’s rice sector, we find in this paper that the […]
September 1, 2025
When the government presented the 2025 mid-year fiscal policy review on July 24, it had much to celebrate from the macroeconomic perspective. Real GDP growth, inflation, and the cedi exchange rate had seen significant improvements. Ghana’s external account position had also improved considerably. For the most part, information on these macroeconomic developments was well known before the government presented the mid-year review. In contrast, much less was known about the nature of the execution of the 2025 budget during the first half of the year, especially as the budget had introduced many new policy initiatives. Therefore, the Institute for Fiscal […]