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Natural Gas Price Formation in Ghana: Implications for Industrial Development and Inclusive Growth

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.

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