\n
By: Franklin ASARE-DONKOH<\/p>\n
The Institute for Fiscal Studies (IFS) has predicted that Ghana\u2019s economic woes will further deepen if managers of the economy continue to adopt domestic financing of the national budget.<\/p>\n
According to IFS, the government\u2019s inability to access the Eurobond market has resulted in stiff competition with the private sector for loans to fund the budget, a development which is likely to lead to a shortage of investible funds for the private sector.<\/p>\n
The Acting Executive Director for IFS, Dr. Said Boakye, addressing journalists at a press briefing on a review of Ghana\u2019s present fiscal and macroeconomic performance, called for resilient measures to drive economic growth.<\/p>\n
\u201cThe heightened domestic financing of the national budget that is currently taking place due to the country\u2019s inability to access the Eurobond market owing to the death crisis is a cause for concern.\u00a0<\/p>\n
The reason is that by this, the government is more aggressively competing with the domestic private sector for loanable funds,\u201d he noted.<\/p>\n
\u201cThis is likely to lead to a shortage of investible funds for the private sector and thus sustain a high interest rate, both of which have the effect of prolonging the current low economic growth and elevated unemployment rates.<\/p>\n
This calls for deliberate measures to tackle negative physical fundamentals like low revenue generation, excessive fiscal rigidities, corruption, and political-induced decisions,\u201d Dr. Boakye reiterated.<\/p>\n
More stories here<\/p>\n
Related<\/em><\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"By: Franklin ASARE-DONKOH The Institute for Fiscal Studies (IFS) has predicted that Ghana\u2019s economic woes will further deepen if managers of the economy continue to adopt domestic financing of the national budget. According to IFS, the government\u2019s inability to access the Eurobond market has resulted in stiff competition with the private sector for loans to […]<\/p>\n","protected":false},"author":1,"featured_media":209861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-209860","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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