New to Oxford Analytica's analysis? See What is this article?
to learn more.
EVENT:
On March 5, the National Democratic Congress (NDC) government unveiled its first budget.
SIGNIFICANCE:
Faced with widening fiscal and current account deficits, the NDC had no choice but to rein in public expenditure. However, the spending reduction targets are ambitious, will be difficult to achieve, and presage a turbulent period until oil revenues begin to arrive towards the end of 2010.
Word Count (approx): 1271
Headings
- Austerity measures
- Oil expectations
- Banking consolidation
- Outlook
Primary Keywords: AF, Ghana, economy, industry, agriculture, balance of payments, banking, debt, fiscal, gold, growth, mining, oil, prices, services
Secondary Keywords: Nigeria, West Africa, politics, election, party, policy, reform
What is this article?
This article is from Oxford Analytica's Daily Brief Services, which analyse geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year.
An extensive and unique commissioning and editing process produced this article, ensuring it is of the maximum use to our clients. Unlike most of our competitors, the typical contributor is a senior academic with more than 10 years' experience of their field. The typical article is around 1200 words long. Find out more about the Oxford Analytica Daily Brief Services,
or request a trial.
