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.
|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.