Ghana’s GDP growth is the fastest in the world within 3 years, Vice President Bawumia discloses

Ghana’s Gross Domestic Product (GDP) growth for the past three years has been among the fastest in the world, Vice-President Mahamudu Bawumia has said.

Veep Dr Mahamudu Bawumia

According to him, GDP growth was 8.1percent in 2017 6.8 percent in 2018 and is projected at 7.0 percent in 2019 and this is compared to 3.4percent in 2016.

Dr Bawumia said this while speaking at a Townhall Meeting held on Tuesday, February 11, 2020, in Kumasi.

He said, “Economic growth which was on the declining trend has been restored. GDP growth was 8.1percent in 2017 6.8 percent in 2018 and is projected at 7.0 percent in 2019 and this is compared to 3.4percent in 2016.”

Adding that “Ghana’s GDP growth now for three years in a row is amongst the fastest in the world, for three years in a row our GDP growth is among the fastest in the world.”

Dr Bawumia, however, admitted that changing the structure of Ghana's economy through diversification and value addition will not happen overnight.

He said changing the structure "remains a major pre-occupation of the government because it is our pathway to reduce dependency, expand the economy, create jobs, increase exports, reduce imports and support the value of our currency.”

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

5 African countries with the cheapest gas prices in 2022

5 African countries with the cheapest gas prices in 2022

8 African countries where Rihanna plans to launch her luxury Fenty Beauty products

8 African countries where Rihanna plans to launch her luxury Fenty Beauty products

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Haiwezi, my wife is prettier - Omanyala turns down Huddah’s advances

Haiwezi, my wife is prettier - Omanyala turns down Huddah’s advances