Stability without development: Why the wage bill is undermining Ghana’s fiscal transformation

Recent macroeconomic performance in Ghana has rightly attracted commendation. Inflation has fallen to a 25-year low of 3.3 percent, the exchange rate has stabilised at GH¢10.87 to the US dollar, and the policy interest rate has been eased to 14 percent. The fiscal position has improved significantly, with a primary surplus of 2.6 percent of […] Read Full Story