November 26, 2019
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.
September 25, 2019
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.
September 25, 2019
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.
October 23, 2018
Policy Brief 6. Strong Economic Growth And Significant Reduction In Unemployment: The Critical Issues To Address In Ghana’s 2019 Budget The Ghanaian economy has maintained virtually its “colonial structure” 60 years after independence as it still depends largely on cocoa, gold, timber and recently oil as the country’s main export commodities. Exported in raw and unprocessed form, these commodities fetch low prices on international markets where Ghana is a price taker, rendering the economy vulnerable to terms-of-trade shocks. The agriculture sector’s contribution to total output has been falling due to declining productivity. The manufacturing base of the economy has also […]
August 2, 2018
Policy Brief 5. Integrity: The foundation for a Strong Financial Sector The financial sector is a critical component for economic development in any country. It is the heart of any vital economy, contributing to prosperity and wealth creation through the provision of financial resources to support businesses, mobilizing savings, and accelerating commerce by facilitating payments and transfers. In this special policy brief, Hon. Dr. Kwabena Duffuor, the former Minister of Finance and Economic Planning discussed the importance of integrity in building a strong financial sector.
March 28, 2017
Policy Brief 4: A Review of Ghana’s 2017 Budget Not too long ago, the Ghanaian economy was one of Africa’s strongest. However the economy has witnessed a sharp decline in growth in the last three years. In this Policy Brief, the IFS brings to the attention of the new Government some critical economic challenges along with proposals to address them. IFS’ proposals are informed by the Institute’s conviction that Ghana needs new, bold and systematic policies capable of bringing about fundamental changes to the economy to enable it to deliver tangible socio-economic benefits to Ghanaians. Click here to read full report