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Synopsis, Is there fiscal space for CAADP in Ghana?

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  • Younger, Stephen D.

Abstract

In 2009, Ghana was one of the first African countries to accept the Comprehensive Africa Agriculture Development Programme (CAADP) target of committing ten percent of government expenditure to agriculture. Despite this commitment, Ghana remains far short of that goal. In recent years, spending on agriculture has increased, but only to about 3.5 percent of total expenditures (Benin 2014; ReSAKSS 2015). To attain the CAADP target, Ghana needs to spend an additional 6.5 percent of total expenditures, or about 2 percent of GDP, on agriculture. Yet Ghana also finds itself needing to reduce an historically large and persistent budget deficit of about ten percent of GDP. In such difficult fiscal times, is it possible for Ghana to meet its CAADP commitment?

Suggested Citation

  • Younger, Stephen D., 2015. "Synopsis, Is there fiscal space for CAADP in Ghana?," GSSP policy notes 8, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:gssppn:8
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    References listed on IDEAS

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    1. Benin, Samuel, 2014. "Identifying agricultural expenditures within the public financial accounts and coding system in Ghana: Is the ten percent government agriculture expenditure overestimated?:," IFPRI discussion papers 1365, International Food Policy Research Institute (IFPRI).
    2. Stephen D. Younger & Eric Osei-Assibey & Felix Oppong, 2015. "Fiscal Incidence in Ghana," Commitment to Equity (CEQ) Working Paper Series 35, Tulane University, Department of Economics.
    3. Stephen D. Younger & Eric Osei-Assibey & Felix Oppong, 2015. "Fiscal Incidence in Ghana," Commitment to Equity (CEQ) Working Paper Series 1335, Tulane University, Department of Economics.
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