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Implications of quasi-fiscal activities in Ghana
Authors: ---
ISBN: 1451862849 1462317537 1451908202 9786613824875 1452793549 1283512424 Year: 2006 Publisher: [Washington, D.C.] : International Monetary Fund, IMF Institute,

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Abstract

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.

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