Economic Growth
Overall GDP growth is projected to slow down from 14.1 percent in 2011 to 8.5 percent in 2012 — a sharp decline of 5.6 percentage points. Subsequently, CEPA projects overall economic growth to rebound to 10.5 percent in 2013 and then fall back again to 9.0 percent in 2014. The non-oil sector is ...
CEPA has a mandate to promote a non-partisan informed debate on key policy issues on the economy of Ghana with emphasis on macroeconomics growth and poverty alleviation issues.
The history of Ghana following independence has been characterized by weak political stability and unrealized economic development aspirations. From the economic perspective, the level sustained growth needed to transform the economy and improve the standard of living for majority of its citizens has not yet been achieved. A review of the factors underpinning the poor performance of the economy suggests that the needed growth to support economic development could be achieved if Ghana develops a strong and vibrant export sector that is efficient and also diversified. Identifying and addressing supply side constraints that impede the development and expansion of the export sector would be a key to achieving this goal. The main challenge is dealing with the lack of competitiveness of Ghanaian industries and moving away from an export sector based largely on cocoa beans.
Suspend Eurobond floatation - Dr Abbey
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