SERVICES
CONSULTANCY
We source consultancy and capacity-building services by putting in bids or tenders and also by submitting proposals for our range of PFM and tax activities.
Read moreCAPACITY BUILDING
Our expertise is in designing and delivering professional staff development programs for staff of macro-fiscal institutions, CSOs, and the private sector.
Read morePFM ACADEMY
An important element of our capacity-building approach is our PFM Academy which collaborates with other institutions to offer training to individuals and institutions.
Read moreREPRESENTATION
PFM Tax Africa works with public and private sector clients and partners to coordinate advice and assistance to private sector and to Government Business Entities (GBEs).
Read morePFM NEWS & OPINIONS
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Emerging-Market Central Bank Asset Purchases Can Be Effective but Carry Risks
Asset purchases can be an effective tool, but it is critical to minimize risks to central bank independence and price stability. Over the past couple of decades, central banks in emerging markets have made substantial progress in developing the credibility to conduct countercyclical monetary policy. During the COVID crisis, many of these central banks not
February 5, 2023 -
Looser Financial Conditions Pose Conundrum for Central Banks
Despite sharp monetary policy tightening, financial conditions have eased around much of the globe, posing a challenge for central banks Central banks aggressively hiked interest rates last year as inflation in many countries rose to the highest levels in decades. Now, falling energy prices are reducing headline inflation and fueling optimism that monetary policy may
February 4, 2023 -
Putting Africans at the Heart of Food Security and Climate Resilience
As the impacts of climate change continue to intensify and global shocks upend business as usual, Sub-Saharan Africa is feeling the brunt of what has been coined “the perfect storm” – a food, fuel, and fertilizer crisis exacerbated by the war in Ukraine, scarring effects from the COVID-19 pandemic, soaring inflation, rising debt, and extreme
February 3, 2023 -
Fiscal Policy Can Help People Rebound From Cost of Living Crisis
Countries should prioritize protecting the vulnerable through targeted support while keeping a tight fiscal stance to help fight inflation Governments confront difficult trade-offs amid sharp increases in food and energy prices. Policymakers must protect low-income families from large real income losses and ensure their access to food and energy. But they must also reduce vulnerabilities
February 2, 2023 -
How Fiscal Restraint Can Help Fight Inflation
Fiscal policy can ease the task of monetary policy in reducing inflation while mitigating risks to financial stability Government support was vital to help people and firms survive pandemic lockdowns and support the economic recovery. But where inflation is high and persistent, across-the-board fiscal support is not warranted. Most governments have already dialed back pandemic
February 2, 2023 -
Energy prices fall in December; non-energy gain little—Pink Sheet
Energy prices dropped 6.2% in December, led by crude oil (-10.7%), the World Bank’s Pink Sheet reported. Non-energy prices gained slightly as declines in food were offset by increases in metals. Agricultural prices eased 0.7% in December. Food prices fell 1.5%, led by grains (-4.3%). Beverage prices changed little while raw materials gained 2.9%. Fertilizer
February 1, 2023 -
Opacity of GH¢15bn Stability Fund leaves analysts concerned
The absence of clarity, as well as viability of the Ghana Financial Stability Fund (GSFS) to cushion sector actors against potential shocks from the Domestic Debt Exchange Programme (DDEP), remains a major concern, say analysts. Announced by the Finance Ministry in partnership with the Financial Stability Council, the GSFS has a seed fund value of
January 31, 2023 -
Global Economy to Slow Further Amid Signs of Resilience and China Re-opening
The fight against inflation is starting to pay off, but central banks must continue their efforts. The global economy is poised to slow this year, before rebounding next year. Growth will remain weak by historical standards, as the fight against inflation and Russia’s war in Ukraine weigh on activity. Despite these headwinds, the outlook is less gloomy
January 30, 2023