The 2014 Budget And The Oil Dream: Can Oil Revenues provide The Anchor To Ghana’s Fiscal Policy?

Imagen de Oscar Chirino

 

The 2014 Budget could be described as one with the most initiatives on institutionalized Funds ever in Ghana’s history. The Minister of Finance in presenting the budget for the next fiscal year, 2014, announced the establishment of the Ghana Infrastructure Fund, the SME Fund and the Contingency Fund. These initiatives are being pursued at the time Ghana is faced with serious fiscal challenges. Ghana’s decades of fiscal challenges have not only been associated with how to wipe out the revenue-expenditure gap but also the gap between current and capital spending.

 
 

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