Ghanaian economy witnessed 3.1 percent growth in the first quarter of 2021 and statistics from the Ghana Statistical Service pointing to a favorable outcome for the second quarter of the year, according to the Minister of Information, Mr. Kojo Oppong Nkrumah.
Growth was projected to increase to 4% in 2021 and 4.1% in 2022.
Inflation was expected to ease to 8.2% in 2021 and 8%, in 2022—in the midpoint of the Bank of Ghana’s target band of 6%–10%.
The Year-on-year inflation stood at 7.8 percent in June compared to 7.5 percent in May, pushed slightly by transport and food items, the Government Statistician Professor Samuel Kobina Annim has said.
Food and transport were the dominant drivers for the higher rate of inflation in June 2021.
Real GDP growth is projected at 4.8 percent in 2021, driven by a rebound in mining and services.
Source: Mybrytfmonline.com/Kofi Atakora
