Implications of Quasi-Fiscal Activities in Ghana /

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 sec...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Chivakul, Mali
Weitere Verfasser: York, Robert
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2006.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2006/024
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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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Beschreibung:1 online resource (47 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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