Publication: Ghana Public Finance Review: Building the Foundations for a Resilient and Equitable Fiscal Policy
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2025-02-11
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2025-02-11
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Ghana’s development path, although registering past successes, faces a series of current and future challenges. Ghana succeeded inhalving its poverty rate between 1991 and 2016, from 87 percent (US$3.65 per day in 2017 purchasing power parity [PPP]) to about 50 percent of the population, outpacing progress across Sub-Saharan Africa (SSA), along with improvements in health and education indicators. However, recent global crises have pushed poverty upward, as the country faces multiple challenges. Ghana needs to provide more and better jobs and foster inclusive productivity growth, especially through investments in human capital. At the same time, the country’s growth path is increasingly vulnerable to climate change and climate-related shocks. Tackling these challenges will require fiscal policy to promote macroeconomic stability, create the right incentives, and generate the necessary public investments.
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“World Bank. 2025. Ghana Public Finance Review: Building the Foundations for a Resilient and Equitable Fiscal Policy. © World Bank. http://hdl.handle.net/10986/42798 License: CC BY-NC 3.0 IGO.”
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