2018 Budget Watch:Gov’t predicts 7.8percent economic growth by close of year

Ken Ofori-Atta, Minister of Finance

Finance Minister, Ken Ofori-Atta has stated that the economy is expected to grow at 7.8percent before the end of 2017 as against 2.7percent in 2016.

Presenting the 2018 Budget Statement at Parliament House in Accra on Wednesday, under the theme: Putting Ghana back to work, Mr Ofori-Atta indicated that; “Overall real GDP grew by 7.8 percent as of June against 2.7 percent in same period 2016. It is estimated to grow by 7.9 percent at end of 2017, up from the original forecast of 6.3 percent”.

He also announced cuts in electricity tariffs with residential reduced to 13percent, special load tariff-low voltage also reduced to 13percent.

More to follow..

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