Ghana’s growth rate

Ghana’s 2023 Growth Rate Could Be Higher Than 1.5% – Report

Ghana’s 2023 Growth Rate Could Be Higher Than 1.5% – Report

Ghana’s Gross Domestic Product (GDP) growth outturn in 2023 could be higher than the 1.5% envisaged under the International Monetary Fund (IMF) programme, GCB Capital has stated. It said notwithstanding the frontloaded fiscal adjustments and weaknesses in the industrial sector, GDP growth averaged 3.25% in the first half of 2023, supported by the ongoing steady improvement in high-frequency indicators of economic activity. “While we expect growth performance in second-half of 2023 to be tamer amidst the limited policy support, the GDP growth outturn at 2023 could be higher than the 1.5% envisaged under the IMF programme”. Again, it said it…
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