Ghana: Budget Deficits "Hurts" Ghana's Reputation

Accra — THE Deputy Minister of Finance, Cassiel Ato Forson, said the structural causes of Ghana's large budget deficits was hurting the economy's reputation as a stable place to invest international private capital.

Delivering an address to policymakers, academics and researchers gathering in Accra at the Africa Growth Forum 2014, Forson admitted that the rigidities, imposed on the government's budget by statutory resource allocations and quasi-statutory expenditure such as wages and interest payments were hitting hard on the country.

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