Ghana President says inflation to fall to single digits in 2018

0
431
President of Ghana Nana Akufo-Addo speaks during Africa CEO Forum at the Sofitel Hotel Ivoire in Abidjan, Ivory Coast March 26, 2018. REUTERS/Luc Gnago

LONDON (Reuters) – Ghana aims to bring inflation down to single digits in 2018 at around 8.9 percent, President Nana Akufo-Addo said on Tuesday.

Speaking at a conference in London, he added that economic growth is forecast at 8.3 percent in 2018.

“This would make it one of the fastest growing economies in the world,” he said.

Inflation in Ghana has been persistently in the double digits since October 2013. It was just over 10 percent in 2017.

Reporting by Abhinav Ramnarayan; Editing by Robin Pomeroy

SHARE
Previous articleItaly’s Eni plans investments in Algeria worth billions in next three years: CEO
Next articleNigeria’s Brent crude crosses $72 mark, production hits 1.81mbpd
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.