Ghana’s GDP

State Enterprises Increase Contribution To GDP
19 Oct

State Enterprises Increase Contribution To GDP

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The contribution of state owned enterprises (SOEs’) to gross domestic product (GDP) has increased from GH¢10 billion in 2020 to GH¢58.27 billion in 2022. The total assets of SOEs captured in the consolidated National Account also increased from GH¢51.8 billion in 2020 to GH¢ 419.2 billion in 2022. The Director-General of the State Interests and Governance Authority (SIGA), Edward Boateng, who made this known, said the improvement was due to the increase in the number of entities complying with financial reporting requirements, among other efforts by SIGA, to make SOEs profitable. Mr Boateng was speaking at an editors’ forum in…
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Analysis: Ghana’s GDP Growth For 2022 Lags Behind Other African Countries – AfDB
30 Jan

Analysis: Ghana’s GDP Growth For 2022 Lags Behind Other African Countries – AfDB

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The African Development Bank (AfDB) has released its latest economic report, which shows that Ghana’s GDP growth for 2022 was 3.6%, 1.8 percentage points below what was secured in 2021 (5.4%). While this is still positive growth, it is lower than the average for other African countries. According to the report, several countries on the continent saw GDP growth rates above 5%, with some even surpassing 7%. This highlights a growing divide between the economic performance of different nations in Africa. 2022’s top African growth performers were Seychelles (8.3%), Rwanda (6.9%) and Kenya (5.5%). Before AfDB’s report, the International Monetary…
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Ghana’s Debt To Hit 104% To GDP- NPP’s Ebenezer Doku Says Government Can Account For It Borrowings
05 Oct

Ghana’s Debt To Hit 104% To GDP- NPP’s Ebenezer Doku Says Government Can Account For It Borrowings

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The Greater Accra regional Director of research and elections for the New Patriotic Party (NPP), Mr. Ebenezer Doku  has said the NPP can account for its debt as compared to the National Democratic Congress (NDC). Speaking to Kwaku Dawuro on Movement In The Morning With Kwaku Dawuro, Mr. Doku said that ‘’very soon our debt to GDP will hit 104%, there is a reason to worry because that is not how we want it. However there was a time we got a government in power who was borrowing but there was nothing to show for. As a speak,  several children…
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