Statistics & Publication
An Assessment of Fiscal Sustainability in Ghana
Monday, 29 September 2014 00:00

This study examines the sustainability of fiscal policy in Ghana by exploring government’s reaction to rising public debt accumulation via the estimation of a fiscal reaction function. Findings suggest that government’s fiscal behaviour is consistent with the intertemporal budget constraint, but the fiscal adjustment appears to be very low. In particular, evidence of significant fiscal pressures in recent years persists, largely driven by fiscal excesses during election cycles.

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