Figure 6.1—Agricultural spending requirements in scenarios with different spending efficiencies and alternative sources of growth, 2007–15
Low spending efficiency
Percent of total government expenditure 45
35 25 15
2007 5
Baseline Scenario II Scenario III Scenario IV
2008
2009
2010
Percent of total government expenditure 25
20 15 10
2007 5
Baseline Scenario II Scenario III Scenario IV
2011
2012 Moderate spending efficiency
2013
2014
2015
2008
2009
2010
2011
2012 High spending efficiency
Percent of total government expenditure 25
20 15 10
2007 5
Baseline Scenario II Scenario III Scenario IV
2013
2014
2015
2008
2009
2010
2011
2012
2013
2014
2015
Source: Authors’ calculations based on the Ghanaian dynamic computable general equilibrium model results and growth elasticities with respect to public spending.
Notes: Results for Scenario I are not plotted, as they are unrealistically high. GHS = Ghanaian cedi.