Reminder: 2018 Budget Macroeconomic Highlights

BY: Isaac Yeboah

As the nation patiently await the Mid-Year review of the “Putting Ghana back to work” 2018 national budget, here is a reminder of the macroeconomic targets of the government in the 2018 Budget.

Finance Minister Ken Ofori-Atta is expected in parliament Thursday morning to present a review of the 2018 budget, as the year shifts into the final half.

Give or take, the prayer of many has been that the targets review will reflect an improvement. 

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  • Overall GDP growth rate of 6.8 percent
  • Non-oil GDP growth rate of 5.4 percent
  • End period inflation rate of 8.9 percent
  • Average inflation rate of 9.8 percent
  • Fiscal deficit of 4.5% percent GDP
  • Primary balance (surplus) of 1.6 percent of GDP
  • Gross Foreign Assets to cover at least 3.5 months of imports of goods and services.

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