期刊名称：The Journal of Sustainable Development in Africa (JSDA)
电子版ISSN：1520-5509
出版年度：2015
卷号：17
期号：1
出版社：Institute of Sustainable Development in Africa
摘要：Fiscal sustainability has remained a major challenge in Ghana in the last three decades.The paper constructed an ex -post fiscal profile of the economy and conducted a simulation on the likely effects of the anticipated oil revenue earnings for the attainment of fiscal sustainability. The theoretical framework is based on the inter -temporal government budget constraint used in mainstream fiscal sustainability analysis. Simulation and sensitivity analyses were conducted on th e profile. A GDP growth rate below 4% and an interest rate of above 11% will lead to unsustainability in the Ghanaian economy. Also, an exchange rate appreciation of beyond 43% rendered the fiscal stance unsustainable.These findings would guide policy makers in the management of the macroeconomy in the presence of oil revenue.
