IMF foresees Ghana outperforming the rest of Africa
Image source: GhanaWeb

IMF foresees Ghana outperforming the rest of Africa


Summary short_text

The IMF forecasts 4,6 percent growth for 2021 and although this is 400 basis points less than the government's own target of 5.0 percent, it clearly outstrips the Fund's projection of 3.4 percent for all of SSA. The Fund expects that gap to expand further in 2022 with Ghana achieving 6.1 percent growth - thus restoring its pre-COVID 19 - while SSA as a whole trundles along at 4.6 percent.

While Ghana's end of year inflation for 2020 of 10.5 percent was lower than the average for all of SSA at 11.1 percent, the IMF expects Ghana's inflation rate to be 9.8 percent by the end of this year, above SSA's 8.7 percent; and although it is projected to fall to 7.5 percent by the end of 2022, this would still be marginally higher than the 7.3 percent the Fund expects for SSA. The most worrying aspect of the IMF's forecasts for Ghana is that relating to the public debt.


Read full article: GhanaWeb |
More from: GhanaWeb More in: Business
More news summaries from GhanaWeb
Showbiz

Join forces with me let's fix Ghana

Kennedy Agyapong was seen in a video that has since gone viral praising Afia Schwarzenegger's position on the current campaign o... read summary
Showbiz

Focus on traditional marriage instead of white wedding

According to Mary Barnes, white wedding is expensive compared to traditional marriage. Speaking on SVTV Africa, Madam Barnes tol... read summary
Showbiz

I didn't ride on my father's popularity to fame

Speaking in an interview on Kastle FM's Entertainment Show, Gyakie revealed that though she didn't ride on her father's populari... read summary
Showbiz

Mothers Day 2021: How your favourite stars are celebrating

Instead of the popular get-togethers, many mothers are being honoured from afar with a lot of people flooding social media with ... read summary
Showbiz

Skbeatz Records mimics African mothers' behavior to disobedient sons in new skit

The movie talks about how mothers go through a lot in correcting their disobedient sons. Some African Mothers can be very emotio... read summary
Showbiz

Govt has more to do for citizens to fix themselves

The hashtag #FixtheCountry had been trending on social media creating a huge backlash over the past days with other users statin... read summary
Sports

Coach Yaw Preko names Medeama squad to face Liberty

The striker makes the squad that travels to Sogakope to battle Liberty Professionals for the first time since the start of the s... read summary
Sports

Watch Gladson Awako's magnificent free-kick goal against WAFA

WAFA had fought back from two goals down to hold Great Olympics at the Sogakope Red Bull Arena until Mudasiru climbed off the be... read summary
Sports

Ebusua Dwarfs to stay at Cape Coast Stadium until end of season

Ebusua Dwarfs FC. The team was to be relocated to the Nduom Sports Stadium in Elmina ahead of the renovation works to be carried... read summary
More News Summaries...
CitiNewsRoom Politics |
CitiNewsRoom Politics |
CitiNewsRoom Politics |
Pulse Gh Showbiz |
GhCelebrities Showbiz |
GhCelebrities Showbiz |
Yen Showbiz |
Yen Showbiz |
Yen Showbiz |
Pulse Gh Showbiz |
StarrFM Tech |
GhCelebrities Showbiz |
Pulse Gh Showbiz |
GH Base Showbiz |
StarrFM Tech |
StarrFM Tech |