Macroeconomic Governance • 28 Dec 2022 7 Flaws in Ghana’s Debt Restructuring & How to Fix Them Many might recall how in the year 2000 Ghana found itself, for the sixth time in its history, unable to continue servicing its accumulated debts, accepted the tag of a “Highly Indebted Poor Country” (HIPC), and underwent a series of reforms that ended in 2003. As a result of the... read more
Macroeconomic Governance • 4 Dec 2022 Ghana Begins its Dance with Creditors Barring a last-minute change to plans, Ghana will formally announce its intent to default on its debt early next week. This was revealed in high-level meetings between the country’s authorities and top finance and economic sector actors on Friday, the 2nd of December 2022, as the country’s senior men’s football... read more
Political Governance • 4 Dec 2022 Ghana’s Public Institutions Leak Money Like a Sieve There are a number of public sector institutions whose operations and service delivery can generate revenue to offset the costs involved. In Ghana, the jargon used is: “internally generated funds” (IGF). For many years analysts have lamented the very poor IGF record of some of these institutions and much lip... read more
