Ghana targets 7.6 pct GDP growth in 2019

  • 0

The Ghanaian government is targeting an overall real gross domestic product (GDP) growth of 7.6 percent in 2019, Finance Minister Ken Ofori-Atta said on Thursday.

The minister said this when he presented the 2019 budget and economic policy of the government to parliament.

The government is eyeing a fiscal deficit of 4.2 percent of GDP, a non-oil real GDP growth of 6.2 percent and an end-period inflation of 8.0 percent in the 2019 fiscal year, said the minister.

The budget, which is under the theme: “A Stronger Economy for Jobs and Prosperity,” is expected to build on the macroeconomic gains in the last two budgets to create more job opportunities for people.

Ofori-Atta assured the people and the international community that the government would not compromise on its fiscal consolidation agenda.

The minister has allocated 180 million Ghana cedis (38.3 million U.S. dollars) to the Office of the Special Prosecutor (OSP) to fight corruption in the country.

African Union reforms on agenda of leaders’ meeting
Prev Post African Union reforms on agenda of leaders’ meeting
Sterling Bank named Africa’s most agile company
Next Post Sterling Bank named Africa’s most agile company