The World Bank has outlined key insights and recommendations to build a resilient and equitable fiscal policy for Ghana.
According to the World Bank this can be achieved through a strong GDP Growth, Commitment to fiscal discipline and Focus on Revenue Mobilization.
Strong GDP Growth: Ghana has experienced robust GDP growth, largely fueled by its thriving oil production sector, showcasing the country’s economic potential.
Commitment to Fiscal Discipline: The report highlights ongoing efforts to strengthen fiscal discipline through the implementation of expenditure and debt rules, aiming to bring the Debt/GDP ratio to 55% by 2028.
Focus on Revenue Mobilization: There is a clear strategy to enhance domestic revenue collection, with initiatives to broaden the tax base and improve compliance, setting the stage for sustainable economic growth.
Download report: http://wrld.bg/b2Vv50V0fsI
Source: World Bank