Audio By Carbonatix
The International Monetary Fund says it is worried about the rate at which government’s expenditure is growing and its implications on public debt.
The Deputy Director of the African Department of the fund Sharmini Coorey was responding to a question from Joy Business via the webcast of a news conference in South Africa on the IMF’s world economic outlook for 2011.
The fund is meanwhile projecting a 9.9 per cent growth for Ghana for this year. This is lower than government’s own target of 12.3 and the World Bank’s 13.4 percent.
The IMF figure however does not take into cognizance the contribution of the oil sector.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
NADMO dismisses claims residents were not warned before Weija Dam spillage
1 hour -
Government begins payment of 2020 batch of nurses and midwives arrears
1 hour -
Controversial anti-LGBTQ bill presented to Parliament for second reading
1 hour -
Deloitte Partner urges clear, consistent policies to govern mining license renewals, local content
2 hours -
Xenophobic attacks: Ghana must pursue justice for victims beyond evacuation – Bosome Freho MP
2 hours -
BOPP positions sustainable agribusiness as investment frontier
2 hours -
Ga Mantse demands action against chiefs selling lands on waterways
2 hours -
South African Tourism condemns anti-immigrant attacks, reassures African travellers
2 hours -
APSU 2002 Year Group announces key leadership appointments for 97th anniversary hosting & BOLT Steering Committee
2 hours -
Government backs hybrid model for Ghana’s extractive sector, rejects move to shut out foreign investors
2 hours -
LMWG commends Heath Goldfields on 5-year community development plan for Prestea
2 hours -
Eswatini champions SiSwati stories in digital age at World Book Day 2026
3 hours -
Only weak men forgive cheating partner – Yul Edochie
3 hours -
Meta repeatedly snubs EU body over Facebook and Instagram user bans
3 hours -
Family wealth should be viewed as asset class for building transgenerational enterprises – Alex Dadey
3 hours