GDP projected at 7.6%

Government has projected to peg GDP at 7.6 percent in 2019 to maintain a push towards a strong macroeconomic growth.

To this end, government has outlined short to medium term indicators.

Based on the overall macroeconomic objective of sustaining and restoring macroeconomic stability and pursuing inclusive growth, and job-creating programmes.

Presenting the 2019 Budget Statement, Finance Minister, Ken Ofori-Atta, stated that the following targets have been set for the 2019 fiscal year:

● Overall Real GDP growth of 7.6 percent, Non-Oil Real GDP growth of 6.2 percent;

● End-period inflation of 8.0 percent;

● Fiscal deficit of 4.2 percent of GDP;

● Primary surplus of 1.2 percent of GDP; and

● Gross International Reserves to cover not less than 3.5 months of imports.

Leave a Reply

Please Login to comment
Notify of