1.

Record Nr.

UNINA9910816282703321

Autore

Chivakul Mali

Titolo

Implications of quasi-fiscal activities in Ghana / / prepared by Mali Chivakul and Robert C. York

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, IMF Institute, 2006

ISBN

1-4623-1753-7

1-4527-9354-9

1-283-51242-4

1-4519-0820-2

9786613824875

Edizione

[1st ed.]

Descrizione fisica

1 online resource (47 p.)

Collana

IMF working paper ; ; WP/06/24

Altri autori (Persone)

YorkRobert C <1962-> (Robert Christopher)

Soggetti

Fiscal policy - Ghana

Finance, Public - Ghana

Government business enterprises - 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.