Economic context: Ghana’s growth momentum likely to be sustained Economic context: Ghana’s growth momentum likely to be sustained
Real GDP growth recovered to 8.5% in 2017, 6.2% 2018 after three years of sluggish growth (power on -off – a. k.a dumsor dumsordumsor dumsor’)
- Growth underpinned by improving fundamentals Growth underpinned by improving fundamentals – inflation, fiscal balances, stable currency.
- Increasing demand for natural resources – oil sector growth.
- Rapid urbanization, increasing service sector activity and domestic demand.
- Energy needed to catalyze this growth: 10% y/y demand growth power.
