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(Agence Ecofin) – Ghana's Gross Domestic Product (GDP) is expected to increase by 30 to 40 percent, according to a statistical update scheduled for next September, Reuters reported on 18 July.
The country is planning a new GDP calculation system based on 2013 data as a base year, instead of 2006, to better reflect recent booming oil sector activities , communication and construction technologies. add up to 30 percent or more to the size of the economy … This could go up to 40 percent, "said a senior official at Reuters
. According to estimates by the International Monetary Fund ( IMF), Ghana's GDP reached $ 47 billion in 2017, putting it in 11th place in Africa, and in 2010, when the country rebased its national accounts, the economy grew by 60% thanks to updated oil data
The expected increase in GDP should positively influence indicators such as the debt-to-GDP ratio and the budget deficit, yet the tax-to-GDP ratio will be negatively affected.
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