Tag Archives: GDP

Government remains strongly committed to growing the economy

new tax initiatives

Mr Ken Ofori-Atta, the Finance Minister, on Monday said despite the measures being taken to maintain fiscal discipline, government will strongly forge ahead to growing the economy and deliver services to strategic allocations through efficient use of resources. He said its flagship programmes such as the Free Senior High School Policy, National Health Insurance Scheme (NHIS), School Feeding, the Livelihood ...

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Increase Research Funding to 1% of GDP for Growth

Research funding

The former Rector of Ghana Institute of Management and Public Administration (GIMPA) wants the government to increase research funding to stimulate economic growth. Currently, the government spends about 0.38 percent of its gross domestic product (GDP) on research, a figure Professor Stephen Adei describes as woefully inadequate. He wants the figure to be increased, at least, to one percent. “We ...

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Economy to grow by 6.3 percent in 2017 – Ofori-Atta


The Akufo-Addo government is projecting an overall real GDP growth of 6.3% for 2017, Minister of Finance, Ken Ofori-Atta has said. The projected GDP for 2017 includes oil while the non-oil real GDP growth for the government within the same period is also estimated at 4.6%. Presenting the full-year budget to the Parliament, Mr Ofori-Atta stated that, “we are confident ...

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Ghana’s debt to GDP hits 74%- Ken Ofori Atta

Ken Ofori Atta on GDP

As president Nana Akufo-Addo prepares to deliver the State of the Nation Address, Finance Minister Ken Ofori Atta has disclosed that Ghana debt as a percentage of GDP has hit 74 percent. By the third quarter of 2016, figures released by the Bank of Ghana showed that the country’s debt stock had reached GH¢112.4 billion representing 67.4 percent. It is ...

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Mining sector contributes GH¢1.6b to Ghana’s revenue in 2016


The mining sector operators in Ghana say the industry contributed some GH¢1.6 billion to the country’s revenue. The amount represents a growth rate of 23 per cent from that of 2015. Except in 2015, the mining industry has been the leading contributor to the nation’s fiscal purse. Its contribution to direct domestic revenue improved from GH¢1.3 billion in 2015 to ...

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