Audio By Carbonatix
A new report by the International Monetary Fund (IMF) on the Ghana is predicting some exciting times ahead for the economy.
According to figures released by the Fund, economic growth will pick up next year, while inflation is also expected to reduce substantially over the next two years.
According to the report, which was released, following the approval of the 918 million dollar facility by the board of IMF, economic growth will increase to 6.4 percent in 2016 from the current projected 3.5 percent for this year , while inflation is likely to end the year at 12 percent and decline further to 10. 2 percent in 2016.
The country's gross international reserves will also improve substantially over the next two years to 7.5 billion dollars in 2017.
The Revenue and Expenditure numbers are also expected to see some significant improvements.
However, according to some economists, if these projections by the IMF are anything to go by, then things might not be that bad in 2016, on the economic front, and especially going into an election year with all its associated problems.
For some, these figures could also convince investors that prospects for the economy are good and it might be a good time to invest in Ghana irrespective of the 2016 elections, a period you see some investors pull their funds because of the uncertainty and fear of instability.
Latest Stories
-
Four suspects arrested in fatal kidnapping attempt near Chereponi
34 minutes -
Sankofa Pan-African Committee honours Temple of Rabbi leader as ‘Custodian of Peace’
38 minutes -
Obuasi Trade Show records high turn-out and strong impact
53 minutes -
‘Obroni wawu’ – The paradise of waste: Where Charity becomes a curse
1 hour -
38 arrested in intelligence-led police operations across parts of Tema Region
1 hour -
Experts say missing engine part in most Ghanaian vehicles polluting air, sickening people
2 hours -
India express train kills seven elephants crossing tracks
2 hours -
Gunmen kill nine in South Africa tavern attack
2 hours -
Charting a New Course for National Prosperity: Why an open ship registry can anchor Ghana’s twenty-four-hour economy vision
3 hours -
Ghana Airways restoration key to national pride and economic reset – Ablakwa Â
3 hours -
US seizes second oil tanker off Venezuela’s coast
3 hours -
Australian PM announces intelligence review as country mourns Bondi attack
4 hours -
Imran Khan and wife given further jail terms after state gift fraud case
4 hours -
5 perish in fatal collision on Cape Coast–Takoradi Highway
4 hours -
Sing Traditional Area marks 10 years of reign of youngest paramount queenmother
4 hours
