[ad_1]
Ghana expects a GDP increase of 40% as of September 2018. Statistics are favorable and optimistic and we expect a real take-off of GDP following the data revision operation Economic output in September
This is an official announcement on July 18 by government officials that hopes for an increase in gross domestic product (GDP) that could be between 30% and 40%. The country is one of the largest exporters of raw materials and the results should accurately reflect recent activity in the petroleum, communication technology and construction sectors.
These official statements confirm the results of the study by Databank Reseach, the Ghanaian research institute. The Databank Reseach had highlighted the good management of Ghana's public debt, which last June reported a downward revaluation after revision. According to the study, the country's GDP could be revalued because of a further revision of the base year used for the calculation of national accounts. The base year is 2013 instead of 2006. The introduction of these new calculation bases should see the economic weight of the country grow from $ 43.4 billion in 2017 to about $ 63.3 billion. in 2018.
Updating assessment elements has both advantages and disadvantages. Thus, we can make the positive conclusion of an automatic reduction of the deficit levels and the debt of the country. The most measured finding is Ghana's low tax revenues as a ratio of GDP. Trend that will be confirmed compared to the regional average even though Ghana has initiated a tax recovery policy as recommended by the International Monetary Fund (IMF).
Source: La Tribune Afrique
Source link
