Implications of Quasi-Fiscal Activities in Ghana
AbstractThis paper assesses the scope and coverage of quasi-fiscal activities (QFAs) in Ghana. We find that while QFAs have been reduced recently, they remain significant. The extensive nature of these activities has several macroeconomic and structural policy implications. An extended measure of public sector operations, including QFAs, presents a clearer picture of Ghana's fiscal stance and fiscal adjustment from one for the central government alone; QFAs have led to serious distortions in energy and water consumption; and they have distorted the investment decisions of both public enterprises and the private sector.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 06/24.
Date of creation: 01 Jan 2006
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This paper has been announced in the following NEP Reports:
- NEP-AFR-2006-03-05 (Africa)
- NEP-ALL-2006-03-05 (All new papers)
- NEP-DEV-2006-03-05 (Development)
- NEP-ENE-2006-03-05 (Energy Economics)
- NEP-MAC-2006-03-05 (Macroeconomics)
- NEP-PBE-2006-03-05 (Public Economics)
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