Economics
Ghana 2018 Growth Tops IMF Forecast and Is Set to Quicken
- Economy expands 6.3% compared with 8.1% in previous year
- GDP growth slows to 6.8% in fourth quarter as oil output falls
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Ghana’s slower economic growth in 2018 beat the International Monetary Fund’s forecast, and may set the scene for the West African economy to expand the fastest in the world this year, as the lender predicted last week.
Gross domestic product expanded 6.3 percent last year, Samuel Kobina Annim, government statistician at the Ghana Statistical Service, told reporters Wednesday in the capital, Accra. While it was slower than 2017’s growth of 8.1 percent, it exceeded the IMF’s prediction of 5.6 percent for the year.