Seminar on Developing
Programmes for the
Implementation of the 2008 SNA &
SEEA
Ghana’s Presentation
By
Bernice Serwah Ofosu-Baadu
(Head, National Accounts Statistics &
Economic Indicators)
Outline
 Policy Issue
 Recent NA development
 Propose implementation process
 Priority area for TA assistance
 Challenges
 Concluding Summary
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Purpose
To share Ghana Statistical Service
(GSS) experience on recent NA
development, constraints, and way
forward to strengthen Economic
statistics within the National Statistical
System.
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Policy Issues
• Ghana has a Medium-Term
Development Policy Framework called
the Ghana Shared Growth and
Development Agenda (GSGDA, 20102013);
• The main objective is to establish a
just and free society termed as
Government’s “Better Ghana Agenda”
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Policy issue II
The Better Ghana Agenda is anchored
on the following themes:
 Ensuring and sustaining
macroeconomic stability;
 Enhanced competitiveness of Ghana’s
private sector;
 Accelerated agricultural
modernisation and natural resource
management;
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Policy issue III
 Oil and gas development;
 Infrastructure, energy and human
settlements development;
 Human development, employment and
productivity; and
 Transparent and Accountable
Governance.
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Recent National Accounts
D’evt
• Publication is on Quarterly and Annual
basis. The latest reports are Q2 2013; and
2013 provisional Annual GDP.
• GSS use two approaches in the GDP
compilation: Production and Expenditure; by
both the current and constant prices
estimates.
– The QGDP are compiled using the
production approach at constant prices.
– QGDP at Current prices to be release on a
proposed date. December 18, 2013
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Recent National Accounts
D’evt II
 Oil exploration are capitalized
 GSS follows a fixed dissemination schedule
distinguishing between
Provisional/preliminary, revised, and final
estimates.
 In September of the reference year, GSS
releases the preliminary annual national
accounts estimates for the reference year.
– They are based on data collected for the first
six months that have been adjusted to cover
the whole year.
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Recent National Accounts
D’evt III
• A revised annual estimate is published
in April following the reference year.
Final annual estimates are published
in April following the reference year.
• Base year price has been revised from
1993 to 2006 base price following 2010
rebasing exercise of the national
accounts statistics.
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Recent National Accounts
D’evt III
 The rebasing exercise commence
through good source data from
Industrial census (2003), HIES 2006
and Transport indicators Survey
(2007), and other administrative
records data.
– Rebasing is the appropriate exercise to
capture structural changes in the
economy to reflect the real performance
of the economy.
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Recent National Accounts
D’evt IV
 Changed from ISIC Rev 2 to Revision 4
(ISIC Rev. 4);
 Changed from SNA 68 to SNA 1993;
 Improved coverage as subsectors are
compiled at detailed level;
 Methodological and conceptual changes;
 Administrative data:
 VAT
 Government accounts
 Balance of Payments data
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Other NA compilation
Balance of Payment data are used to
compile:
– Gross National Income (GNI)
– Gross National Disposal Income (GNDI)
– Gross savings
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Other NA compilation II
Soon to be published by end 2014:
• QGDP by the Expenditure Approach
at both the current and constant
prices; and
• Income approach
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Dissemination
The statistical information are
disseminated through the following
channels:
 Website: www.statsghana.gov.gh;
 Press releases;
 Online request or print out; and
 National accounts bulletin
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Propose Implementation of SNA
2008
• The propose implementation of SNA
2008 in Ghana includes the following:
• The update of 2004 SUT to 2013 to
include SNA 1993 updates;
• A rebasing of the National Accounts
from a base year of 2006 to 2013;
• Currently looking out for enterprises
and establishments in the production
of software and other assets for
capitalization purposes
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Propose Implementation of SNA
2008 II
 Studying the updates of SNA 1993 or
the 6 main recommendations with
regards to data availability;
 Reclassifying of statistical units
according to its own principal activity.
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Supporting statistics – SNA 2008
implementation
 Conduct of business register census by
listing all establishments resident in
Ghana to create a comprehensive
business register;
 Conduct of economic census; and
annual economic survey;
 Conduct of informal sector survey
 Exhaustive coverage of economic activities
 Provide data for policy purposes
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Area of Technical Assistance
• Update of SUT
• Rebasing of the national accounts to
2013
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Challenges
• Computation of the refined method for
calculating financial intermediation
services indirectly measured (FISIM)
in 2008 SNA;
• The availability of data to classify
military weapon as fixed assets
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Concluding summary
• The policy objective of the Ghana
Government is to establish a just and
free society termed as “Better Ghana
Agenda”
• GSS is committed to a continuous
improvement in the compilation of
National Accounts statistics
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Concluding summary II
• Planned to adopt SNA 2008 in the
next rebasing;
• Support TA is needed to have a
smooth transition and to help
overcome some of the challenges
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Thank you for your kind attention
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