Audio By Carbonatix
The Ghanaian economy will expand by 2.8% in 2023, Finance Minister, Ken Ofori-Atta, has announced.
This is part of government’s macroeconomic targets for next year.
This will mean aggregate demand and supply will be moderate during the fiscal year.
Non-oil real Gross Domestic Product growth rate will however grow at a rate of 3% in 2023.
Mr. Ofori-Atta also said government is taking active steps to address the impact of the economic shocks on Ghanaians through the seven-point agenda to restore macro-economic stability and accelerate the economic transformation as articulated in the Post-COVID-19 Programme for Economic Growth.
Economy expands by 4.8% in quarter 2, 2022
Ghana’s economy expanded by 4.8% in the second quarter of this year, higher than the 3.4% recorded in the first quarter, data from the Ghana Statistical Services has revealed.
The appreciable growth rate was driven by Manufacturing (8.8%), Crops and Cocoa (4.5%), Mining and Quarrying (4.4%), Information and Communication (12.4%) as well as the Education (13.2%) sub-sectors.
For the sectors, the Services sector (5.2%) expanded more than the national average. It was followed by Agriculture (4.6%) and Services (4.4%).
Latest Stories
-
“I don’t see any rational basis” – Inusah Fuseini rejects proposed five-year term
8 minutes -
Constitution shouldn’t be amended simply because years have passed – IEA
9 minutes -
Access Bank, Visa launch ‘Visa Accept’ in Ghana
31 minutes -
‘Our young people must inherit story of what Africa created, not lost’ – Mahama
33 minutes -
Afreximbank, GIIF and 24-Hour Economy Authority pact marks real progress toward 24-hour economy agenda
1 hour -
IMANI, Local Government Ministry discuss reforms on sanitation, local revenue and urban infrastructure
1 hour -
Ghana’s international reserves drop to US$11.04 billion in August as BoG pushes for significant build-ups in coming months
1 hour -
Four years enough for any government to deliver – IEA rejects five-year term
1 hour -
‘The most important players are here’ – Queiroz shrugs off Ghana’s injury crisis
2 hours -
Ayariga pledges stakeholder-led approach to Nzema, Kokomba Market redevelopment
2 hours -
Professional collaboration is key to Ghana’s land and property development – Western Regional Minister
2 hours -
‘When you play Ghana, it’s a derby’ – Kessié sets tone for AFCON qualifying showdown
2 hours -
Mahama urges global institutions to invest in Africa’s cultural infrastructure
2 hours -
Kuami Eugene joins UNICEF Ghana to promote universal birth registration
2 hours -
Renard warns Côte d’Ivoire against complacency Ahead of Ghana clash
2 hours