IFS

Ghana’s Real GDP Growth To Remain Below Pre-Crisis Levels Until 2029 – IFS
04 Mar

Ghana’s Real GDP Growth To Remain Below Pre-Crisis Levels Until 2029 – IFS

CUD WontumiBusiness,
The Institute for Fiscal Studies (IFS) has projected that Ghana’s real GDP growth will remain significantly below pre-crisis levels until 2029, raising concerns about job creation and employment generation. According to the economic think tank, the country’s GDP growth rate is expected to range from 4.0% to 5.0%, with an average rate of 4.4% between 2024 and 2029. Given Ghana’s high unemployment rate, especially among the youth, the IFS has urged the incoming government to implement strategic interventions to boost economic growth beyond these projections. “The Institute is, however, aware of the country’s weak fiscal position. We therefore recommend that…
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Ghana Will Secure IMF Programme But Government Not Doing Its Homework Well – IFS Senior Fellow
01 Mar

Ghana Will Secure IMF Programme But Government Not Doing Its Homework Well – IFS Senior Fellow

wontumionlineBusiness, ,
A Senior Research Fellow at the Institute of Fiscal Studies, Dr. Said Boakye, has said that Ghana will secure an International Monetary Fund programme despite the slow pace in meeting some key criteria. He, however, maintained that the deal will take some time to be achieved. The country is undertaking a debt restructuring with its external creditors, whilst pursuing a fiscal consolidation programme. But Dr. Boakye tells Joy Business that the government is its own enemy by failing to adhere to principles of the Fund programme. “I believe that in the end, Ghana will be able to secure a deal…
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17 Aug

Mid-Year Budget Failed To Give Hope To Ghanaians; Consult CSOs For Help – IFS To Government

wontumionlineBusiness
The Institute for Fiscal Studies (IFS) has described the 2022 Mid-Year budget as not addressing the country’s true economic challenges. According to the IFS, the solutions presented by government do not address the fundamental challenges affecting the economy, hence the recent rapid depreciation of the cedi, rising inflation rate and growing debt stock. Speaking at a press conference, Senior Economist with the IFS, Dr. Said Boakye said government must admit it needs help and consult all stakeholders for assistance including Civil Society Organisations (CSOs). “Why is the government pursuing such a weak fiscal consolidation strategy in the face of the…
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