Audio By Carbonatix
The International Monetary Fund is predicting some exciting times for the economy this year.
The fund is citing a strong economic growth for the country and a huge leap in revenues from crude oil and gold exports.
This is in contrast to forecast by some analysts about difficulties ahead because of the country’s ballooning budget deficit and recent energy crises.
But Director of IMF Africa Department, Antoinette Sayeh tells Joy Business the prospects are good despite the challenges.
“Ghana has very good growth prospects, certainly on the basis of the three and main commodities it is producing. It is producing oil, cocoa and gold. We think there is room to certainly create opportunity more robust non oil and non commodities sector growth…the prospects are certainly on the growth side; prospects are certainly good for this year.”
Madam Sayeh however says the fund does not have any problem with Ghana's decision to turn to China for financial assistance.
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
-
Adongo defends BoG recapitalisation plan amid growing debate over GH¢93.82bn negative equity
11 minutes -
Ghana petitions AU over xenophobic attacks on African nationals in South Africa
20 minutes -
Shocking and perplexing – Godfred Dame slams gov’t attempts to weaken OSP
22 minutes -
GPL 2025/26: Medeama drop points as GoldStars keep title hopes alive
22 minutes -
Irresponsible court reporting erodes public trust in judiciary – CHRAJ Director warns
31 minutes -
Expose young people to courts and prisons to curb crime – Judge advocates
36 minutes -
Suame MP slams ORAL initiative as ‘illegal’ and driven by haste
40 minutes -
Gideon Boako accuses BoG of ‘accounting gimmick’ over solvency position
45 minutes -
Minority raises alarm over BoG losses, says concerns are in national interest
48 minutes -
Economic stability achieved, focus now shifts to production – Isaac Adongo
51 minutes -
Youth disillusionment poses greatest threat to Ghana’s stability – UNDP
54 minutes -
John Darko urges Mahama to complete Agenda 111 projects instead of starting new ones
57 minutes -
Ghana needs $22.6bn to tackle climate challenges – Seidu Issifu
60 minutes -
Cocoa smuggling: Fiapre Circuit Court grants GH¢10k bail each to four suspects
1 hour -
African media criticised for weak geopolitical coverage
1 hour