Revised budget: Nominal GDP revised to GH¢202.01bn

The government has revised nominal gross domestic product (GDP) to GH¢202.01 billion from the original projection of GH¢203.41 billion. ...

The government has revised nominal gross domestic product (GDP) to GH¢202.01 billion from the original projection of GH¢203.41 billion.

Projected economic growth has, however, been maintained at 6.3 per cent.

The reduction in the nominal GDP, which measures the value of finished goods and services at current prices, is equivalent to about 0.7 per cent.
The Finance Minister, Mr Ken Ofori-Atta, said the revision was in line with developments in the first half of the year.
He announced the new target on Monday, when he appeared before Parliament to present the mid-year budget review.
Below are the revised macroeconomic targets for 2017
  • Non-oil GDP growth rate maintained at 4.6 per cent;
  • End-year inflation rate is maintained at 11.2 per cent;
  • Overall fiscal deficit has been revised downwards from 6.5 per cent of GDP to 6.3 per cent of GDP;
  • Primary balance has been revised from a surplus of 0.4 per cent of GDP to a surplus of 0.2 per cent of GDP; and
  • Gross Foreign Assets to cover at least 3 months of imports of goods and services, remains the same as originally programmed.
     

COMMENTS

Loading...
Loading...
Name

Africa Politics,119,Biography,25,br,1,Breaking News,224,Business,21,Celebrities,905,Donald Trump,38,Education,2,Entertainment,624,Extras,47,Foreign News,5,Foreign Showbiz,385,Ghana People,140,Ghana Politicians,531,Ghana Politics,719,Ghana Post,2,Gossip,194,Lifestyle,239,Local Showbiz,1027,Music,156,News,723,Opinions,25,People and Opinions,268,Politics,140,Religion,26,Sex Tapes,7,Social Media,80,South Africa Today,109,Sports,1006,Tech,5,Try it,1,USA Today,128,Videos,161,Viral,196,World Politics,176,
ltr
item
GhanaPoliticians.com: Revised budget: Nominal GDP revised to GH¢202.01bn
Revised budget: Nominal GDP revised to GH¢202.01bn
http://www.graphic.com.gh/images/2017/july/july31/ken_parliament.jpg
GhanaPoliticians.com
http://www.ghanapoliticians.com/2017/07/revised-budget-nominal-gdp-revised-to.html
http://www.ghanapoliticians.com/
http://www.ghanapoliticians.com/
http://www.ghanapoliticians.com/2017/07/revised-budget-nominal-gdp-revised-to.html
true
7028582800879771799
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy