Doing the most good for every Cedi spent
A “Ghana Priorities” project would not just highlight smart policies in specific areas but would produce a menu of spending options.
The Ghanaian economy has been growing swiftly, with remarkable GDP growth higher than five per cent for two years running. This robust growth means added pressure from special interest groups who demand more public spending on certain projects.
But like every country, Ghana lacks the money to do everything that citizens would like. It has to prioritise between many worthy opportunities.
What if economic science and data could cut through the noise from interest groups, and help the allocation of additional money, to improve the budgeting process and ensure that each cedi can do even more for Ghana? With limited resources and time, it is crucial that focus is informed by what will do the most good for each cedi spent.
The Ghana Priorities project will work with stakeholders across the country to find, analyze, rank and disseminate the best solutions for the country.
We will engage people and institutions from all parts of society, through newspapers, radio, and TV, along with NGOs, decision makers, sector experts, and businesses to propose the most relevant solutions to these challenges. We will commission some of the best economists in Ghana and around the world to calculate the social, environmental and economic costs and benefits of these proposals, producing groundbreaking new research which will not only highlight smart policies in each specific area but would produce a menu of spending options.
We will then ask everyone - from Nobel Laureates to everyday citizens - to set their priorities for the country, sparking a nationwide conversation about what are the most effective and efficient solutions are for Ghana.
In Ghana’s 2019 budget, spending was increased by 27 per cent or GH¢15.6bn. Imagine if just two per cent of this increase would have been spent more effectively because of the Ghana Priorities research.
In a hurry? Download our one-page project overview.
Potential Policy Interventions for Benefit-Cost Research
Initial consultations with 10 Ghanaian “sector experts” across areas aligned to the Sustainable Development Goals (SDGs) have yielded a long list of more than 400 interventions for potential further research, and additional consultations with other experts and ministries in Ghana has further expanded this list.