Implications of Quasi-Fiscal Activities in Ghana

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 sec...

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Bibliographic Details
Main Author: Chivakul, Mali
Other Authors: York, Robert
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Finance, Public 
653 |a Depository Institutions 
653 |a Public Administration 
653 |a Public-Private Enterprises 
653 |a Nonprofit Organizations and Public Enterprise: General 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Public Enterprises 
653 |a Public sector 
653 |a Government business enterprises 
653 |a Micro Finance Institutions 
653 |a Public ownership; nationalization 
653 |a Fiscal policy 
653 |a Mortgages 
653 |a Contingent liabilities 
653 |a Banks and Banking 
653 |a Public enterprises 
653 |a Public Sector Accounting and Audits 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Banking 
653 |a Central Banks and Their Policies 
653 |a Quasi-fiscal operations 
653 |a Public Finance 
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520 |a 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