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Economy growing stronger – BoG

Dr Ernest Addison, Bank of Ghana Governor has said the Ghanaian Economy is recording strong growth.

He explained, the economy grew with a 6.8 % Gross Domestic Product (GDP) in the first quarter of 2018, compared with 6.7 % in the same period of 2017.

Dr Addison has also assured that the Monetary Policy Committee (MPC) of the BoG will take the appropriate policy measures to promptly address any potential threats to the disinflation path.

He said, at the MPC meeting in Accra on 23 July 2018: “Global inflation has picked up in most advanced economies driven mainly by wage dynamics as labour market conditions tighten and crude oil price increases. Core inflation, however, remains benign but may pick up. Inflation pressures in emerging market economies, on the other hand, are gradually moderating.

Dr Ernest Addison said, the Ghanaian economy continues to record strong growth with a 6.8 per Cent GDP growth in the first quarter of 2018, compared with 6.7 per cent in the same period of 2017. Non-oil growth for the first quarter also picked up strongly to 5.4 per cent, from 4.0 per cent in the comparative period of 2017.

He added, the growth pickup is evidenced in a stronger rebound by the services sector, which rose by 5.2 per cent, compared with 3.4 per cent in the same period of 2017.

The post Economy Growing Stronger – BoG appeared first on Ghana Live TV.

This post first appeared on Watch Gtv Ghana, Adom TV, Tune Ghana Radio GhanaLi, please read the originial post: here

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Economy growing stronger – BoG


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