Tag: GDP growth rate
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Ghana’s economy grew by 3.1 percent in 2022 – GSS
Latest data from the Ghana Statistical Service, GSS has revealed that Ghana’s economy has expanded by 3.1% in 2022. According to the GSS, this is dip as compared to the 5.1 percent record in the year 2021. The data also shows that the economy grew by 3.7 percent in the fourth quarter of 2022. Addressing…
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4.8% increase in GDP growth rate not surprising – Economist
The announcement of the expansion of Ghana’s economy does not seem to come as a surprise to some stakeholders in the finance space. Economist, Prof. Lord Mensah, is not impressed with the growth, asserting that the growth of the economy at the macro level does not reflect in the pockets of Ghanaians. The Ghana Statistical…
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GDP growth rate exceeds target; increases by 4.8% in 2022 second quarter
Ghana’s economy has expanded by 4.8% year-on-year in the second quarter of 2022. “Provisional real quarterly gross domestic product (QGDP) growth rate, including Oil and Gas, is 4.8 percent (year on year) in the second quarter of 2022. In the same period of 2021, the growth was 4.2 percent.” Data from the Ghana Statistical Services…
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Gov’t revises macroeconomic targets; GDP growth rate target reduced to 3.7%
The government has revised this year’s projected economic growth rate target of 5.8% to 3.7%. According to the Finance Minister, Ken Ofori-Atta, the reason behind the revision includes the heightened global pressures such as the Russia-Ukraine war which has caused the revenue measures to underperform. He disclosed this during the presentation of the mid-year budget…
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More focus on agric sector will aid gov’t in achieving 2022 GDP growth target – Economist
After a challenging two years against the backdrop of the COVID-19 pandemic, Ghana is seeking to return to a path of economic growth comparable to pre-pandemic levels but several global and local factors are militating against projections. In the 2022 budget, the government projected an overall real GDP growth rate of 5.8 percent. But some…
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Economist optimistic that Ghana’s economy will perform better in 2022
Economist, Dr. Patrick Asuming, is optimistic that Ghana’s economy will record a higher growth rate by the end of this year. Provisional data from the Ghana Statistical Service shows that Ghana’s economy expanded by 5.4% in 2021, far higher than the 0.4% recorded in the year 2020. The new figure exceeds the 2021 GDP growth…
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GDP growth rate increases to 5.4% in 2021; exceeds 5.1% budget target
Provisional figures released by the Ghana Statistical Service show that Ghana’s economy grew by 5.4% in 2021. The figure which was released by the Government Statistician shows that the growth rate of the economy exceeded the 2021 Gross Domestic Product (GDP) growth rate of 5.1 percent captured in the 2021 mid-year budget. Ghana’s economy grew…