OPINION: Ghana In A Policymakers’ Trilemma? Why An Innovative Domestic Revenue Mobilisation Is Essential
Ghana is no exception from the devastating impact of the COVID-19 pandemic on businesses, jobs, and livelihoods. According to an IMF blog post by Selassie and Tiffin (May, 2021), governments are in “The Policymaker’s Trilemma,” pulled in three divergent ways of increasing public expenditures, increasing debt, and resistances to tax increases. Ghana finds itself right amid this policy trilemma. Finding the right balance to achieve fiscal consolidation and economic transformation is no mean task for managers of the economy.