IC Research

We Maintain Ghana’s Real Growth Rate Forecast Of 1.9% – 2.9%; Manufacturing To Contract – IC Research

We Maintain Ghana’s Real Growth Rate Forecast Of 1.9% – 2.9%; Manufacturing To Contract – IC Research

IC Research, the research arm of investment bank, IC Securities has maintained its forecast of Ghana’s Gross Domestic Product (GDP) growth for 2023 in the range of 1.9% to 2.9%. It expects sustained momentum in the livestock and crops sub-sector to spur growth within the agriculture sector while ICT, transport & storage, and education will continue to support the services sector growth. On the downside, it pointed out that “we expect aggressive fiscal consolidation in the second-half of 2023 to weigh on the public sector drivers of growth while the price sensitive trades, hospitality and industry sector remain constrained by…
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