Thursday, February 27, 2014

Ghana's economy grew 5.5 percent in 2013 according to IMF

Ghana's economy grew 5.5 percent in 2013, less than the 8 percent targeted by the government, the International Monetary Fund said on Wednesday. The 2013 fiscal deficit rose to 10.9 percent of gross domestic product on revenue shortfalls, wage overruns and rising interest costs, the Fund said in a statement at the end of a mission visit.

That figure is higher than the government's revised target of 10.8 percent and the Fund also said the government's 2014 deficit target of 8.5 percent

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