Banks in Ghana have begun releasing their 2022 financial statements and it has been reported that all banks recorded losses. This news has been met with concern and speculation about the future of these banks in the coming years. One factor that has been identified as a major contributor to...

In recent times, the Bank of Ghana has had to raise its policy rate in order to combat the recent economic hardship being faced by the nation. The policy rate is used by the central bank to control the nation’s money supply, and an increase in the policy rate can lead to a decrease in the...

This paper is a study on the possibilities of using GIFMIS to prepare accrual financial accounts for the government of Ghana and the possibility to achieve accrual public accounts in Ghana. The objective of this research is to explore the current challenges, opportunities and effectiveness of...

In 2017, President Nana Addo Dankwa Akuffo Addo of the Republic of Ghana established the Development Authorities by an act of parliament to promote the overall development of the country. The idea behind this initiative was to enhance the country’s economic growth and help create more jobs....

One major source of domestic revenue mobilization is the collection of road tolls; however, the ministry of Road and highways directed the discontinuation of road tolls following the announcement by the ministry of finance to scrap tolls on all public roads. According to the finance ministry,...

Establishing fiscal stability, establishing laws, realigning revenues, and finding value for expenditure management are all part of public financial management (PFM) techniques that aim to make the government more open and accountable for the benefit of the public. Because of ever-increasing...

The main objective of this study is to assess the impact of oil and gas production on the economy of Ghana. Specifically to ascertain the impacts of oil production on Ghana’s economy and to ascertain the effect of the production level of other sectors of the economy on Ghana’s economy. It...

We examine the effects of fiscal and monetary policy effect on key debt management variables and provide empirical evidence supporting the agenda of a strict separation of economic policy from the debt management policy using the trend analysis. We find that, a tighter monetary policy coupled...