Tag: Gross Domestic Product
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Dr Sarkodie urges focus on growing GDP to generate more tax revenue
An Economist with the Economics Department of the University of Ghana, Dr Adu Owusu Sarkodie, has advised government to focus attention on growing the nation’s gross domestic product (GDP), if it wants to grow tax revenue. He said that for a middle-income country such as Ghana, the annual tax revenue projection should be about 2.5…
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Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020
Ghana’s economy has grown by 3.3 percent in the first quarter of 2022. This is the slowest rate of growth recorded since the third quarter of 2020, when the economy recorded a -3.3 percent growth. Non-oil Gross Domestic product, which looks at economic growth without oil, also expanded by 3.7 percent. When seasonally adjusted, Ghana’s…