Next year Ghana would hold the fifth presidential and parliamentary elections of the Fourth Republic.The experience in election years, thus far, has raised legitimate concerns at home and abroad about the strong likelihood of excessive overspending,with a resultant loss of hard-won macroeconomic ...
CEPA has a mandate to promote a non-partisan informed debate on key policy issues on the economy of Ghana with emphasis on macroeconomics growth and poverty alleviation issues.
Critical challenges which may underlie the earlier challenges discussed and underpin the extent to which the resources can be used to promote long-term growth and poverty reduction is the management of the revenues from oil extraction. Three critical decisions and issues are involved. First is the decision about the time profile of consumption and savings. Should the revenue be used for government investment in public infrastructure to stimulate economic activity? Should the government use the windfall to reduce government debt and thereby lower interest rates and boost private sector investment? Should the extra income be used to provide more education, health care and other public goods to improve the quality of life or transferred directly to citizens through tax cuts or citizen dividends?
Policy analyst warns against subsidy re- introduction
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