In the media
Research Brief republished in Ghana media
Oil was discovered in Ghana in 2007. Prior to the discovery of oil, Ghana was one of the stars of the ‘Africa rising’ story, with an established track record of macroeconomic stability and fiscal discipline. However, by 2014 the economic situation had deteriorated so badly that Ghana requested another IMF bailout. What went wrong?
Different media outlets in Ghana have republished a recent UNU-WIDER Research Brief on the inflated public expectations of the country’s oil revenues.
The Research Brief gives an overview of Ghana’s situation before oil was discovered and discusses what could have been done differently in terms of macroeconomic management.
The Research Brief is based on a chapter of a forthcoming book, released as part of the Extractives for development project.
Read the articles:
Ghan Business News, 5 May 2017: ‘Ghana: How inflated expectations of oil revenues led to deterioration in macroeconomic management’.
Classic Ghana, 5 May 2017: ‘Ghana: How inflated expectations of oil revenues led to deterioration in macroeconomic management’.