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Analyzing Debt Dynamics in Ghana Amid Rising Interest Payments: Implications for Fiscal Sustainability.
https://doi.org/10.18999/forids.56.1
https://doi.org/10.18999/forids.56.1affef5bc-499c-4035-abc3-ef8883ef8277
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
56-1.pdf
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| アイテムタイプ | itemtype_ver1(1) | |||||||
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| 公開日 | 2025-09-19 | |||||||
| タイトル | ||||||||
| タイトル | Analyzing Debt Dynamics in Ghana Amid Rising Interest Payments: Implications for Fiscal Sustainability. | |||||||
| 言語 | en | |||||||
| 著者 |
AMPONSAH, Kwadwo Tabi
× AMPONSAH, Kwadwo Tabi
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| アクセス権 | ||||||||
| アクセス権 | open access | |||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Cointegration | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Debt | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Fiscal Sustainability | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Ghana | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Interest Payments | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Borrowing has historically been a fallback position for countries to bridge the gap between revenues and expenditures. This has made public debt a crucial financing tool. Therefore, understanding a nation’s debt situation and trajectory is crucial for assessing the economy’s strength. This study explicitly examines the macroeconomic variables that impact the debt dynamics in Ghana. It delves into two critical areas of literature: (i) debt dynamics and (ii) the integration of shocks. Using an accounting framework, the debt dynamics reveal that interest payments have driven much of the recent debt increase. Using a vector error correction model, the study incorporates economic shocks employing forecasting error variance decomposition to analyze their effects. Notably, exchange rates and revenues were found to impact debt significantly, even before accounting for interest payments, which was a surprising finding compared to the traditional accounting view. The work also uses cointegration techniques showing shortand long-term relationships between public debt, interest payments, and other macroeconomic variables. The autoregressive distributed lag approach further confirms these relationships. The study provides valuable insights into the complexities of debt dynamics in Ghana and offers essential policy initiatives to ensure that the country progresses toward fiscal and debt sustainability. | |||||||
| 言語 | en | |||||||
| 出版者 | ||||||||
| 出版者 | 名古屋大学大学院国際開発研究科 | |||||||
| 言語 | ja | |||||||
| 出版者 | ||||||||
| 出版者 | Graduate School of International Development, Nagoya University | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| 資源タイプ | ||||||||
| 資源タイプresource | http://purl.org/coar/resource_type/c_6501 | |||||||
| タイプ | departmental bulletin paper | |||||||
| 出版タイプ | ||||||||
| 出版タイプ | VoR | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
| ID登録 | ||||||||
| ID登録 | 10.18999/forids.56.1 | |||||||
| ID登録タイプ | JaLC | |||||||
| 収録物識別子 | ||||||||
| 収録物識別子タイプ | PISSN | |||||||
| 収録物識別子 | 1341-3732 | |||||||
| 収録物識別子 | ||||||||
| 収録物識別子タイプ | EISSN | |||||||
| 収録物識別子 | 2189-9126 | |||||||
| 書誌情報 |
ja : 国際開発研究フォーラム en : Forum of International Development Studies 巻 56, 号 1, p. 1-24, 発行日 2025-09 |
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