Economics, Econometrics and Finance
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Ghana's ambitious budget plans face major obstacles and likely failure.

Emerald expert briefings
Ghana's budget proposals likely to prove unfeasible

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The government of Ghana plans to increase spending and reduce the fiscal deficit, but it may not be feasible. Despite promises to cut taxes and boost infrastructure, the government may struggle to meet its goals due to a larger-than-expected budget gap. Even with higher oil revenues, the government may not be able to deliver on its election promises of double-digit growth. Plans to pay off foreign debt this year may also be overly ambitious.