Ghana’s Fiscal Deficit Deteriorated To An Estimated 9% of GDP In 2016
Ghana’s overall fiscal deficit, on a cash basis, in 2016 deteriorated to an estimated 9 percent of GDP, instead of declining to 5¼ percent of GDP as envisaged under the IMF-supported program. The large deviation was mainly due to poor oil and non-oil revenue performance and large expenditure overruns the IMF has said adding that … Read more