2018 Budget: 7.8% real GDP achieved

Ghana’s economy hit a real Gross Domestic Product (GDP) of 7.8 per cent as of June 2018, Finance Minister Ken Ofori-Atta has said.

Presenting the 2018 Budget and Economic Policy Statement to parliament on Wednesday, 15 November under the theme: “Putting Ghana Back to Work”, Mr Ofori-Atta said Non-Oil real GDP (as of June) was 4.0%.

The overall budget deficit on cash basis as percentage of GDP as of September was 4.5% and the primary balance as of September was 0.3%.

Current account balance as of August is 0.2% and Gross International Reserves (import cover) as of September stands at 3.9%, he said.

For the sector growth in 2017, Mr Ofori-Atta said Agriculture was 4.3% ; Industry recorded 17.7% and Services achieved 4.7% growth.

Source: GhanaWeb

You may like

Taxi Driver Remanded After Police Seize 120 Slabs of Suspected Narcotics at Tetteh Quarshie

Trump and Musk trade insults as row erupts in public view

Judge threatens to remove Diddy from courtroom

Cowboy Beyoncé dazzles nearly sold-out stadium

COCOBOD CEO Paints Grim Picture as GH¢33bn Debt Engulfs Cocoa Regulator

Naana Jane Opoku-Agyemang Backs Law to Seize Unexplained Wealth

Public notice
WP Radio
WP Radio
OFFLINE LIVE