[ad_1]
Company News of Wednesday, April 17, 2019
Source: clbadfmonline.com
2019-04-17
GDP for the fourth quarter of 2018 was 6.8%, down from the previous quarter
Ghana's growth slowed in 2018, as the country's oil and gas volumes declined in the last quarter of 2018.
2.9 million barrels of oil were shipped during this period, just below the 3 million barrels of oil shipped in the previous quarter.
Real GDP for the fourth quarter of 2018 was 6.8%, down from 7.4% in the previous quarter of the same year.
The government statistician, Professor Samuel Kobina Annim, told reporters at a press conference on Wednesday, April 17, 2019 that these 6.8% were up from the 5.5% GDP recorded in 2017.
"The industry sector recorded the strongest growth at 8.9%; Services accounted for 5.8% and agriculture 4.4%, "he added.
After attaining an inflation rate below the government's target of 10% over the last few months, the Bank of Ghana has found it prudent to pursue an expansionary monetary policy by lowering the inflation rate. Interest at 16% in January. This should further stimulate economic growth in 2019 and reach the 7.6% GDP targeted by the government.
This will exceed the Sub-Saharan Africa target for the International Monetary Fund (IMF) in the January 2019 Global Economic Outlook Update, which set growth at 3.5 per cent in 2019 and 3 per cent in , 6% in 2020.
Key figures in the region mask significant performance changes: more than a third of sub-Saharan economies are expected to exceed 5% in 2019-20.
Source link
