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General News of Tuesday, 11 February 2020

Source: Class FM

Ghana’s GDP among the fastest in the world 3 years in a row – Bawumia

Ghana’s Gross Domestic Product (GDP) growth for the past three years has been among the fastest in the world, Vice-President Mahamudu Bawumia has said.

Dr Bawumia disclosed this at a Town hall Meeting held on Tuesday, 11 February 2020 at the Great Hall of the Kwame Nkrumah University of Science and Technology in Kumasi, Ashanti region.

Commenting on the country’s development under the current Nana Addo Dankwa Akuffo-Addo-led government, Dr Bawumia said: “Economic growth which was on the declining trend has been restored. GDP growth was 8.1percent in 2017 6.8 percent in 2018 and is projected at 7.0 percent in 2019 and this is compared to 3.4percent in 2016.

“Ghana’s GDP growth now for three years in a row is amongst the fastest in the world, for three years in a row our GDP growth is among the fastest in the world.”

Meanwhile Dr Bawumia indicated that changing the structure of Ghana's economy through diversification and value addition will not happen overnight.

However, he said changing the structure "remains a major pre-occupation of the government because it is our pathway to reduce dependency, expand the economy, create jobs, increase exports, reduce imports and support the value of our currency.”

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