Tag: Ghana GDP
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Ghana’s informal sector valued at GH¢45.2 bn; grows by 5.9% in 2019
Ghana’s informal sector recorded a growth of 5.9% in 2019; which is the second highest following the rebasing of the economy. In relation to prices of commodities with reference to 2013 which is the base year for calculating Ghana’s economic year, the informal sector’s worth reached 45.2 billion cedis, which is the highest value for…
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IMF reviews Ghana’s 2018 GDP down to 6.3%
The International Monetary Fund (IMF) has revised downwards its earlier 6.8 per cent Gross Domestic Product (GDP) projection for the Ghanaian economy in 2018 to 6.3 per cent. According to the Bretton Woods institution’s latest World Economic Outlook Report on World Economy and Financial Surveys, the economic growth will however be higher at 7.6 per…
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Ghana remains an oil led economy – Statistical Service
Latest figures released by the Ghana Statistical Service show that Ghana’s economy continues to be led by the oil sector. A development, some economists have warned could have dire implications for the country’s future if not checked. For the third quarter this year, the Ghana Statistical Service stated that oil contributed largely to the growth…