GDP growth rate of 6.8 targeted in 2018 by government

By Kwabena Owusu-Ampratwum

The government hopes to achieve an overall Gross Domestic Product, GDP, growth of 6.8 percent for the 2018 fiscal year. 

This is contained in macroeconomic targets for 2018 outlined in the budget presentation to parliament by Finance Ministry Ken Ofori Atta.

Other targets include Non-oil GDP growth rate of 5.4 percent,  end-period inflation rate of 8.9 percent, Average inflation rate of 9.8 percent and Fiscal deficit of 4.5% percent GDP.

Others are a Primary balance (surplus) of 1.6 percent of GDP and Gross Foreign Assets to cover at least 3.5 months of imports of goods and services.

Ghana News