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Implications of Quasi-Fiscal Activities in Ghana

Author

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  • Miss Mali Chivakul
  • Mr. Robert C York

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.

Suggested Citation

  • Miss Mali Chivakul & Mr. Robert C York, 2006. "Implications of Quasi-Fiscal Activities in Ghana," IMF Working Papers 2006/024, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2006/024
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    References listed on IDEAS

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    1. International Monetary Fund, 2003. "Mali: Sixth Review Under the Poverty Reduction and Growth Facility," IMF Staff Country Reports 2003/246, International Monetary Fund.
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    3. Lev Freinkman & Gohar Gyulumyan & Artak Kyurumyan, 2003. "Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia," World Bank Publications - Books, The World Bank Group, number 15074, December.
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    9. Ms. Claudia H Dziobek & Mr. John W. Dalton, 2005. "Central Bank Losses and Experiences in Selected Countries," IMF Working Papers 2005/072, International Monetary Fund.
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    Cited by:

    1. Anton Eberhard & Vivien Foster & Cecilia Briceño-Garmendia & Fatimata Ouedraogo & Daniel Camos & Maria Shkaratan, 2008. "Underpowered : The State of the Power Sector in Sub-Saharan Africa," World Bank Publications - Reports 7833, The World Bank Group.
    2. Cecilia Briceño-Garmendia & Karlis Smits & Viven Foster, 2009. "Financing Public Infrastructure in Sub-Saharan Africa," World Bank Publications - Reports 28238, The World Bank Group.
    3. International Monetary Fund, 2016. "Ghana: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criteria, and Modifications of Performance Criteria-Press Release; Staff Repo," IMF Staff Country Reports 2016/321, International Monetary Fund.
    4. Briceno-Garmendia, Cecilia & Shkaratan, Maria, 2011. "Power tariffs : caught between cost recovery and affordability," Policy Research Working Paper Series 5904, The World Bank.

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