Employment News Paper Weekly – Rojgar Samachar
Accra, 30 Sep 2019 – Ghana’s president, Nana Dankwa Akufo-Addo, said his country will lead global economic growth this year.
During a conference he gave in Toronto, Canada, the president made reference to a recent report of the International Monetary Fund (IMF), according to which Ghana will be the fastest growing economy in the world, with a rate of 8.8 percent.
Our trade balance account, for the first time in more than a decade, registered a surplus in 2017, maintained it in 2018, and we expect to maintain the surplus for this year as well, the president said.
Akufo-Addo added that in addition, bold measures were taken to disinfect the banking system and strengthen it, with deposit safeguards of 4.6 million citizens. The official website of the Ghanaian government indicates that according to the IMF the macroeconomic indices of the African country point in the right direction.
In this regard, it is not surprising that Ghana is the main recipient of foreign direct investment in West Africa, the publication adds. It is not a surprise that in the Global Corruption Barometer 60 percent of Ghanaians believe that the government is doing a good job in the fight against corruption, compared to 25 percent in 2015, he said.
Finally, he reiterated that only hard work, innovation, creativity and entrepreneurship can produce accelerated development and wealth for the Ghanaian people.
Ghana: Economy with the Highest Growth Rate in the World
The national economy of Ghana is expected to grow this year at a rate of 8.8%: this is what emerges from the latest figures released by the World Economic Outlook of the International Monetary Fund (IMF).
If confirmed, the data would make Ghana the country with the highest growth rate forecast for 2019 in the world, also ahead of Ethiopia (IMF projection for 2019 of 7.7% growth) and Ivory Coast (7.5%).
The economy, according to economists, would have been mainly driven by the agricultural sector and the measures taken by the Accra government to ensure better management of public finances.
It should be emphasized, however, that both the Ghana government itself and the World Bank forecast a more contained growth estimate for this year compared to the projections made known by the IMF of 7.2% and 7.6% respectively.
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