IMF projects 4.8% growth and 13% inflation for Ghana
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The International Monetary Fund has projected a growth rate of 4.8 percent for Ghana for 2014, 3.2 percent less than the West African Government’s own projection of 8 percent.
The projection was contained in the IMF’s World Economic Outlook report released in Washington at the ongoing IMF/World Bank Spring Meetings.
Beside the growth projection, the Fund has also predicted that Ghana’s inflation rate will be 13 percent by the end of 2014.
This will be four percent higher than the Ghanaian Government’s target of 9.5 percent. Inflation for January was 14 percent.
Ghana’s finance Minister Seth Tekper is attending the meeting with a delegation from the Bank of Ghana and other officials from the Finance Ministry.
-xyz
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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