Implications of quasi-fiscal activities in Ghana
By: prepared by Mali Chivakul and Robert C. York.
Contributors: York, Robert C. 1962-; International Monetary Fund. African Dept.
Series: IMF working paper -- WP/06/24
Publisher: International Monetary Fund, African Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 45
Subjects: Fiscal policy -- Ghana.; Finance, Public -- Ghana.; Government business enterprises -- Ghana.; Ghana -- Economic conditions.
Description: 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.
Notes: "January 2006."

Includes bibliographical references (p. 36-37).

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