1.

Record Nr.

UNINA9910788417003321

Autore

Chivakul Mali

Titolo

Implications of Quasi-Fiscal Activities in Ghana / / Mali Chivakul, Robert York

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-1753-7

1-4527-9354-9

1-283-51242-4

1-4519-0820-2

9786613824875

Descrizione fisica

1 online resource (47 p.)

Collana

IMF Working Papers

Altri autori (Persone)

YorkRobert

Soggetti

Fiscal policy - Ghana

Finance, Public - Ghana

Government business enterprises - Ghana

Banks and Banking

Macroeconomics

Public Finance

Nonprofit Organizations and Public Enterprise: General

Central Banks and Their Policies

Public Enterprises

Public-Private Enterprises

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Public Administration

Public Sector Accounting and Audits

Public ownership

nationalization

Banking

Civil service & public sector

Public finance & taxation

Public enterprises

Quasi-fiscal operations

Public sector

Contingent liabilities

Government business enterprises



Finance, Public

Banks and banking

Fiscal policy

Ghana

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"January 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. FISCAL DEVELOPMENTS IN PERSPECTIVE""; ""III. CONCEPTUAL FRAMEWORK FOR QUANTIFYING QUASI-FISCAL ACTIVITIES""; ""IV. THE SCOPE AND COVERAGE OF QUASI-FISCAL ACTIVITIES""; ""V. QUASI- FISCAL ACTIVITIES AND THE FISCAL POSITION""; ""VI. POLICY IMPLICATIONS AND CONCLUSIONS""; ""REFERENCES""; ""Appendix I Alternative Approaches to Estimating Quasi-Fiscal Activities""; ""Appendix II Assumptions Underlying the Public Sector Debt Sustainability Analysis""; ""APPENDIX TABLES""

Sommario/riassunto

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.