plotting - Vertical alignment of FrameTicks Text

The text box of a FrameTick/Tick is, by default, vertically centered on the tick mark.

Is there a way to adjust the vertical alignment of FrameTick text? Specifically, along the lines of Baseline, Top, etc.

FrameTicksStyle in combination with TextAlignment/Alignment does nothing.

Answer

Using Pane as in Szabolcs's answer or Framed (with FrameStyle->None) with a combination of settings for BaselinePosition, ImageMargins and FrameMargins:

  Graphics[Circle[], Frame -> True, 
  FrameTicks -> {{
  {{0, Style[Pane[Style[0.4, FontSize -> 48], 
    BaselinePosition -> (Top -> Bottom), 

    FrameMargins -> {{0, 0}, {0, 40}}, 
    ImageMargins -> {{0, 0}, {0, -40}}], 
   Background -> Green]}}, 
  {{0, Style[Pane[Style[0.4, FontSize -> 48], 
    BaselinePosition -> (Bottom -> Top), 
    FrameMargins -> {{0, 0}, {40, 0}}, 
    ImageMargins -> {{0, 0}, {-40, 0}}], 
   Background -> Green]}}}, {None, None}}]

you get