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Wednesday, October 27, 2021

Ghana 2013 economic growth seen at 7.4 percent

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Ghana’s economy grew 6.5 percent year-on-year in the second quarter of 2013 and its provisional full-year growth is seen at 7.4 percent, the West African country’s national statistics office said on Wednesday.

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Ghana finance minister, Terkper

   The International Monetary Fund (IMF) forecast last week that the gold-, cocoa-and oil-producing nation’s gross domestic product (GDP) would grow 7 percent in 2013, less than the 8 percent the government predicts.
   Philomena Nyarko, Ghana’s government statistician told a news conference in the capital Accra that it was possible for Ghana to achieve the government’s targeted growth in 2013 on expected increases in oil production.
   Non-oil GDP was 5.8 pct, while the total value and services amounted to $44.2 billion with a per capita income of $1,667, she said.
   “The services sector recorded the highest growth of 9.2 percent, followed by the industry sector 2.5 pct while the agriculture sector showed a negative growth of 3.9 percent,” Nyarko said.
   The statistics office separately said on Wednesday that Ghana’s annual producer price inflation, fell for the fifth consecutive month to 4.7 percent year-on-year in August from 5.0 percent in July.

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