Implications of Quasi-Fiscal Activities in Ghana
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Summary:
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.
Series:
Working Paper No. 2006/024
Subject:
Banking Contingent liabilities Public enterprises Public sector Quasi-fiscal operations
Frequency:
Quarterly
English
Publication Date:
January 1, 2006
ISBN/ISSN:
9781451862843/1018-5941
Stock No:
WPIEA2006024
Pages:
47
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