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Implications of Quasi-Fiscal Activities in Ghana

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Author Info
Mali Chivakul
Robert C. York

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Abstract

This 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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Paper provided by International Monetary Fund in its series IMF Working Papers with number 06/24.

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Length: 47 pages
Date of creation: 02 Feb 2006
Date of revision:
Handle: RePEc:imf:imfwpa:06/24

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Related research
Keywords: Fiscal policy ; Ghana ; Fiscal management ; Fiscal reforms ; Energy ; Public sector ; Private sector ;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Peter Stella, 1997. "Do Central Banks Need Capital?," IMF Working Papers 97/83, International Monetary Fund.
  2. John W. Dalton & Claudia Helene Dziobek, 2005. "Central Bank Losses and Experiences in Selected Countries," IMF Working Papers 05/72, International Monetary Fund. [Downloadable!]
  3. Freinkman, Lev & Gyulumyan, Gohar & Kyurumyan, Artak, 2002. "Quasi-fiscal activities, hidden government subsidies, and fiscal adjustment in Armenia," MPRA Paper 10064, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-12-17.

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