Tag: GDP
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High fiscal deficit unattractive for long term bonds – Razia Khan
Government would have to work to reduce its fiscal deficit in the short to medium term else risk investment ditching its long term bonds. This is the caution from the Chief Economist for Africa Global Research at Standard Chartered Bank, Razia Khan. According to her, the government would need to readjust its debt management strategy…
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Fishing industry triples agric growth in 1st quarter of 2017
Agric industry players are optimistic of a rebound in the growth of the sector for the rest of 2017. Their optimism is premised on the massive growth in agric subsector between the first quarter of 2016 and the same period in 2017. For the one year period, the agric sector growth almost tripled, from 2.8…
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Freeze in contracts, vehicle purchases reduces growth in service sector
The first quarter Gross Domestic Product (GDP) figures for 2017 have shown that the services subsector recorded the least growth. The services subsector recorded a GDP growth of 3.7 percent, down from the 8.8 percent recorded in the same period last year. The Ghana Statistical Service attributes this to the freeze in public expenditure for…
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2017 first quarter GDP rises to 6.6%
Ghana’s Gross Domestic Product (GDP) for the first quarter of 2017, grew by 6.6 percent. This compares with the 4.4 percent recorded in the same period of last year. For the first quarter of this year, Ghana’s GDP at constant prices including oil was 8, 557.8 million cedis compared with the 8,028.4 million cedis recorded…
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6.3% GDP target overambitious – Dr. Lord Mensah
Some economists are predicting that Ghana’s economy will be 5 percent by the end of this year. This is lower compared to government’s 6.3 percent and the World Bank’s 7 percent projections. Although Ghana ended 2016 with a growth of 3.5 percent which was also lower than the previous year’s 3.9 percent, government’s economic team…
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Gov’t to review property rates, rent taxes
Property rates and rent taxes will soon be reviewed to reflect their current economic value, Dr Larbi Siaw, Tax Policy Advisor at the Ministry of Finance and Economic Planning has said. Property income taxation has long been seen as an area largely neglected by the country’s tax authorities. Its share of GDP in Ghana is…