IMF predicts 4.8% growth rate for 2014, 13% inflation

IMFThe International Monetary Fund has projected a growth rate of 4.8 percent for Ghana for 2014, 3.2 percent less than the West African Government’s own projection of 8 percent.

The projection was contained in the IMF’s World Economic Outlook report released in Washington at the ongoing IMF/World Bank Spring Meetings.

Beside the growth projection, the Fund has also predicted that Ghana’s inflation rate will be 13 percent by the end of 2014.

This will be four percent higher than the Ghanaian Government’s target of 9.5 percent. Inflation for January was 14 percent.

Ghana’s finance Minister Seth Tekper is attending the meeting with a delegation from the Bank of Ghana and other officials from the Finance Ministry.


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