Ghana Scores Fastest Growing Economy On IMF Chart

Business

by Denison Adzotor 0

The International Monetary Fund has projected Ghana as the fastest growing economy in 2019.

 

According to an IMF publication on the latest world outlook on Tuesday, Ghana is expected to record a growth of 8.8 percent which is way beyond the median in a survey which was carried by Blumberg.

Ghana has been praised by the world’s monetary institution for recording good economic fundamentals which resulted in the country exiting the IMF bailout programme in which it entered in 2014.

 

Though the Ghana cedi which is Ghana’s currency has suffered a long downtrend against its major foreign currencies such as the USD, Euro and the British Pound, leading members of the economic management team which is chaired by Vice president Dr. Bawumia have insisted the fundamentals of the economy are strong and that more measures are being taken to improve the currencies performance.

Ghana generates most of its foreign exchange from the export of gold, cocoa and recently oil.

 

However, the Nana Akufo Addo government has hinted it will be having its priorities diverted towards agriculture. Programmes such as planting for food and jobs have been initiated in several areas of the country.

 

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