Urban electric cars have been manufactured in ghana since 2014. See final section of the fact sheet for more information. The state is the largest source of core funding for uc, csu, and ccc. It consists of a list of all planned expenses and revenues. Speaker, the theme for the 2018 budget is putting ghana back to work. A time series and panel analysis for nigeria, ghana and south africa felix olurankinse, ph. On wednesday, november 19, 2014, the government of ghana presented to parliament the budget statement and economic policy for the 2015 financial year. The effects of budget deficit on economic growth and. Ghana economy gdp, inflation, cpi and interest rate. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghana s future on the authority of his excellency nana addo dankwa akufoaddo. The finance minister, ken oforiatta, presented the 2020 budget statement on november 2019 with the theme consolidating the gains for growth, jobs and prosperity for all. The budget was presented at a time the world economy was recovering from the food, energy and financial crises that had engulfed the globe in 20072008.
In the past two decades, it has taken major strides toward. This analysis looks at gaps and opportunities for women and children within the 2010 national budget. The world bank group aims to help ghana sustain economic growth, surpass the goal of halving poverty by 2015, and maintain its middle income status. Ghana s budget deficit in the fiscal year 1994 was around 3. Nutrition sensitivity of the 2014 budget statement of. However, the proportion of the national budget that goes to direct nutrition interventions is not evident in the budget. Overall summary 3 sectorial performance for 20 sector growth rate target % outturn % % of gdp. Ghana statistical service statistics for development and progress ghana statistical service gss p. Ghana economy, politics and gdp growth summary the. Securing the bright medium term prospects of the economy. Budget the economy the 20 budget was based on the ghana shared growth and development agenda gsgda. Ghana attained middleincome status after rebasing its ational accountsn, pushing per capita gross domestic product gdp of the country above usd1,000 in 2007. The budget statement and economic policy 2019 financial year of the government of ghana for the presented to parliament on thursday, 15th november 2018 by ken oforiatta minister for finance on the authority of his excellency nana addo dankwa akufoaddo, president of the republic of ghana theme.
Kpmg 2019 budget highlights kpmg 2019 budget highlights the budget statement and economic policy of the government of ghana for the 2019 financial year was under the theme a stronger economy for jobs and prosperity. Forecasting ghanas oil revenues for the 2015 budget using a. You are not required to produce anything at this stage, just become familiar with the industry. Effective revenue mobilisation by districts assemblies.
Ghana government budget 20042018 data 20192020 forecast. Analysis of incentives and disincentives for cocoa in ghana. Headline economic growth will be strong, but it will be concentrated in the oil and gas sector, which is. Ghana country environmental analysis english the world bank. The best practices were then incorporated into the ppp process in ghana. Equity as at 31 december 2014 322 3 918 17 255 90 981 70 1 754 71 884 a the other transactions relate to the acquisition of a business see note 2. The theme for the budget was transformational agenda. The 2019 budget statement and economic policy is under the theme a stronger. How can the upper denkyira east municipal assembly mobilize adequate fund to meet its agenda 2. The relevance of hotel units in the hospitality and tourism industry cannot be overestimated. Aarkstore banking and payments research digest h1 2014. It has been estimated that in 20102011 exports of cocoa ghanas reached 1 004 000 mt gain, 2012in terms of world cocoa exports, ghana has maintained its. The institute for fiscal studies presented its analysis of the summer budget on the following day.
It was designed and manufactured by the artisans of suame magazine industrial development organization. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghanas future on the authority of his excellency nana addo dankwa akufoaddo. Ghana sits on the atlantic ocean and borders togo, cote divoire, and burkina faso. Accra ghana will announce an economic growth target of 8% in 2014 in its budget on tuesday and will seek to trim its budget deficit to 8. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education. Dsa debt sustainability analysis dtf distance to frontier eba enabling the business of. The hospitality and tourism industry in ghana has moved from the sidelines to the centre stage of socioeconomic strategies. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at.
This report examines ghanas efforts to achieve budget. This theme reflects the tools provided in the 2018 budget to energize the entreprenueral spirit within every ghanaian. Currently, ghana ranks 14th on the list of most visited tourism destinations in africa isser, 2009. The government will prioritise industrialisation as a means of job creation and economic growth, but structural weakness will restrain the pace of progress. Her responsibilities in the world bank also include preparing, supervising, and evaluating lending operations at the country level. Santos alimi 2 1 accounting department, adekunle ajasin university, akungbaakoko, ondo state, nigeria.
The analysis is based on cbos economic projections and estimating assumptions and models, rather than the. Ghana recorded a government budget deficit equal to 3. Ghana recent economic developments ghana s economic growth record over the past two decades has been among the strongest in africa at around 4. The population growth rate is fairly high in ghana. Ghana rice production satisfies around 3040 percent of demand with a. The budget statement and economic policy of the government of ghana for the theme. Government of ghana for the fiscal year 2017 presented its budget before parliament with a revenue projection of 44 billion as against 2016 fiscal year revenue project of 40 billion. Statistics department esta of road infrastructure projects in africa may 2014 a f r i c a n d e v e l o p m e n t b a n k. It is based on the information available at the time it was completed on may 2, 2011.
Most people in ghana are citizens of ashanti territories or ashantiland. The budget is anchored in the presidents ghana beyond aid vision and the coordinated programme of economic and social development policies 20172024. This page provides ghana government budget actual values. Science and technology policy research institute stepri, council for scientific and industrial research csir, accra, ghana. Study on road infrastructure costs analysis of unit costs. Chancellor george osborne delivered the first budget of this parliament on wednesday 8 july 2015 the first budget from a conservative government for almost 19 years. Political stability is underpinned by ghana s strong democratic credentials. Improvements in the macroeconomic environment were accompanied by expansion in domestic demand due to increased private. Thetotalpublicdebttogdp ratioincreasedsignificantlyfrom49. Financial sector reforms and bank performance in ghana. Please find below a list of comprehensive budget statements spanning 1998 through to 2018. The budget statement and economic policy ghana news ghana. A cohort study of low birth weight and health outcomes in the first year of life, ghana. Previous forms of social protection in ghana at ghana s independence in 1957 the government provided free health care services to its population which was solely financed from tax revenues.
Macroeconomic performance and outlook ghana s economy continued to expand in 2019, with real gdp growth estimated at 7. Nov 29, 2017 ghanas estimated increased growth of 7. Ghana cocoa industryan analysis from the innovation system perspective. On 20 september, the monetary policy committee mpc of the bank of ghana bog announced it had decided to hold its key policy rate at 16. Ghana began its automotive industry with the construction of a prototype robust suv, named the smati turtle 1, intended for use in the rough african terrain. Ghana witnessed an increase in demand for substitutes such as cassava with evidence being offered in the increase in the production and trade of cassava flour since 2008 wfp, 2011. In 2018, the inflation rate in ghana amounted to about 9. Ghana government debt to gdp 19902018 data 20192020. It is one of the key sectors whose interventions directly or indirectly impact on nutrition. Access the latest politics analysis and economic growth summary through 2011 for ghana from the economist intelligence unit. Social protection in ghana friedrich ebert foundation. Socioeconomic context and role of agriculture ghana. Financial system stability assessment update this update to the financial system stability assessment on ghana was prepared by a staff team of the international monetary fund as background documentation for the periodic consultation with the member country. The statistic shows ghana s budget balance in relation to gdp between 2009 and 2018, with projections up until 2021.
Ghana budget balance in relation to gdp 2021 statista. An analysis of the presidents 2014 budget summary this report by the congressional budget office cbo presents an analysis of the proposals contained in the presidents budget request for fiscal year 2014. Feb 12, 2014 governor proposes 10 percent general fund increase. Ghana the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. Health budget allocations in the 2018 budget of the ministry of health come to n340. The case of eastern region article pdf available in custos e agronegocio 111. A thorough content analysis of the identified papers produced 151 best practices for construction ppps in ghana. Ghana country environmental analysis english abstract. Vaccination timing of lowbirthweight infants in rural ghana. Evaluation of public financial management reform burkina faso, ghana and malawi 20012010 final synthesis report joint evaluation swedish international development cooperation agency address. Ken oforiatta, presented the 2019 budget statement and economic policy to parliament on thursday 15 november, 2018. With a publicly available model, engaged citizens can calculate the impact of different price scenarios on ghanas 2015 budget. A positive value indicates a budget surplus, a negative value indicates a deficit. Today, government revenue projection for 2018 fiscal years has raised to51 billion.
Ghana cocoa industryan analysis from the innovation. The study findings indicated that budgeting process starts with identification of. Pdf economic analysis of cocoa production in ghana. The job of the akufoaddo government is to assist the people with the tools and the evironment to go out there to work and earn a decent living and. There is a successor plan for the next term gsgda ii. The budget statement and economic policy ghana news. This page provides the latest reported value for ghana government debt to gdp plus previous. Ghana is the worlds third largest producer figure 1 and the second largest exporter of cocoa beans after cote divoire figure 2. A citizens budget is a shortened and simplified version of the budget to parliament. This page provides ghana government budget actual values, historical data, forecast, chart. Analysis of incentives and disincentives for rice in ghana. Introduction on thursday 19 december 20, the minister of finance on behalf of the president of the federal republic of nigeria presented the 2014 federal budget proposal to the national assembly under the theme budget for job creation and inclusive growthposed.
1060 1695 718 835 909 1217 830 166 49 1066 63 843 733 1184 854 295 1003 225 1445 1307 1485 69 1053 832 1378 1621 1112 310 549 1131 1552 525 695 590 1220 648 1024 999 1393 292 1062 551 631 1003 721 10