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- W4244032017 abstract "Subject Ghana economic outlook. Significance The government has presented a revised 2015 budget that lowers the growth target from 3.9% to 3.5%. The fiscal deficit target has been widened from 6.5% of GDP to 7.3%. The downward revisions underline the economy's structural constraints, which the IMF financial bailout deal will not overcome. Despite a promising start on fiscal consolidation, the economy continues to be plagued by the effects of commodity price dependence. Impacts The recent reduction in fuel and utility subsidies has been made easier given lower oil and product prices. However, social pressures will build around the 2016 election, potentially spurring policy reversals. Negotiations moderating spending in next year's budget will be tougher, especially on wages." @default.
- W4244032017 created "2022-05-12" @default.
- W4244032017 date "2015-08-10" @default.
- W4244032017 modified "2023-09-27" @default.
- W4244032017 title "IMF deal offers mixed Ghana economic outlook" @default.
- W4244032017 doi "https://doi.org/10.1108/oxan-db201565" @default.
- W4244032017 hasPublicationYear "2015" @default.
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