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Implications of quasi-fiscal activities in Ghana

Author: Mali Chivakul; Robert C York
Publisher: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series: IMF working paper, WP/06/24.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
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  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Mali Chivakul; Robert C York
ISBN: 1283512424 9781283512428
OCLC Number: 698585714
Description: 1 online resource (45 pages) : illustrations.
Series Title: IMF working paper, WP/06/24.
Responsibility: prepared by Mali Chivakul and Robert C. York.

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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