Conflicting forecasts for Ghana economic growth
from RUSSEL ADADEVOH in Accra, Ghana
ACCRA – GHANA is in a dilemma to properly project its economic growth amid conflicting projections.
While on the other hand the government is projecting an 8 percent economic growth this year, the Ghana Statistical Service (GSS) is projecting a 6,9 percent.
The conflicting forecasts are said to be worrying the International Monetary Fund (IMF) and the World Bank.
The GSS projections could sound holding water in that it compiles the industry data, processes it before releasing its findings based on the value of goods and services produced in the country.
GSS Acting Statistician, Dr Philomena Nyarko, was quoted as saying: “the economy will grow at 6,9 per cent in 2014.”
However, IMF insisted that the country’s economy would grow by not more than 4,8 percent citing shortfalls in revenues as well as economic activities.
– CAJ News
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