World Bank Working Paper on Oil Discovery and Macroeconomic Management

This paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through to 2014. It documents the deterioration of fiscal and monetary discipline over this period, which resulted in a rebound of debt, a deterioration of the external balance, and a decrease in public investment. The paper Read more about World Bank Working Paper on Oil Discovery and Macroeconomic Management[…]