The actual cost and impact of the recent financial sector crisis, slow down in the growth of the economy as well as challenges with domestic revenue mobilization will dominate this year’s State of the Ghanaian economy report.
The closure of nine banks, 347 microfinance and microcredit institutions and the latest 23 savings and loans institutions and finance houses is said to have brought untold economic hardships as well as severe social costs to many Ghanaians.
Therefore, if you desire to know the real facts behind these figures assessed independently by a crack team of experts in all the relevant areas, you just have to wait for a fortnight.
This is because the latest edition of the State of the Ghanaian economy report (SGER 2018) is set to be launched on October 29, 2019, at the ISSER Conference Facility.
The Institute of Statistical, Social and Economic Research (ISSER), has since 1990 continued to publish one of its flagship publications titled The State of the Ghanaian Economy Report (SGER). This year, the Institute is pleased to issue the 28th edition of the publication and also present a mid-year review of the economy in time to inform the 2020 Budget preparation process.
The SGER has seven chapters, with different but inter-related topics on Ghana’s economic performance. The overview is followed by a chapter on Fiscal Developments. The rest of the report contains analytical chapters on the Financial and Monetary sector, International Trade and Payments, Agriculture, Industry, and Services and an optional chapter on the “Digitization of Tax Administration and Domestic Revenue Mobilization in Ghana”.
The motivation for continuing to publish the SGER has been due to the limited analytical information from a non-partisan perspective and our commitment to provide accurate, independent and well-researched information about Ghana’s economy.
Other key highlights of the report include the following: Fiscal performance deterioration, low revenue mobilization associated with benchmark values and tax exemptions.
Within the monetary and financial sector, high cost of credit within the context of reduced Monetary Policy Rate (MPR) and inflation has been of great concern to households and businesses.
Exchange rate depreciation and its effects on businesses and livelihood as well as liquidity challenges, the incidence of deposit insurance premiums are well noted in the report.
The existential question of whether the African Continental Free Trade Area (ACFTA) will affect Ghana’s trade position favourably and allay the fears of local businesses will also be answered.