Africa’s Fastest-Growing Economy Is Even Bigger Than It Seems
Ghana plans to publish overhauled economic data that will show its gross domestic product is bigger than currently estimated.
Fastest-growing African economy is even bigger than it seems
positive revisions in Ghana
#Ghana will release results from its latest GDP re-basing exercise in May, and is expected to see a further jump in market size.
A bigger #GDP figure will mean that #Ghana’s key macroeconomic indicators are lower than previously estimated. The nation’s fiscal shortfall exceeded 10 percent of GDP between 2012 and 2014, pushing up debt and sending the #cedi into freefall
Ghana is expecting a GDP bump from updating the base year they use! The well-known magical formula to reach any fiscal target, including newly announced 5% deficit target?
The $45-billion economy is the seventh biggest in sub-Saharan Africa and will probably expand 8.3 percent this year, the fastest growth rate on the continent