Days after the Vice President, Dr Mahamudu Bawumia, hinted of Government’s desire to place a cap on Ghana’s fiscal deficit as a percentage of Gross Domestic Product (GDP), Cabinet has given its approval for the submission of the appropriate legislation to Parliament to amend the relevant law. The proposed amendment to the Public Financial Management … Read more
The Institute for Fiscal Studies (IFS) says Ghana’s current weak economic growth does not provide a good context for further fiscal consolidation envisaged by the government. In its assessment of the 2016 Supplementary Budget, IFS said the document gave scant assurance that the weak economic conditions that have prevailed for quite some time in the … Read more
An economist with the Institute of Fiscal Studies has questioned Ghana’s new gross domestic product figures put out by the government, describing it as inaccurate. At the presentation of a supplementary budget to parliament on July 25, government announced a decline in the country’s GDP ratio from 72 per cent to 63 per cent, which … Read more
For more than 40 years in the political arena of Spain two parties had been dominating, the People’s Party and the PSOE Party (Spanish Socialist Workers’ Party), which alternated in power. The last catalytic elections of December 20, 2015 resulted in a significant weakening of these traditional political forces and the emergence of new antiregime parties. Thus, … Read more