The government will struggle to achieve 2 per cent Gross Domestic Product (GDP) growth rate for 2023, Minority Leader Dr Cassiel Ato Forson has said.
This is contrary to the 2.8% target in 2023 that was announced by the Finance Minister, Ken Ofori-Atta last year.
Mr. Ofori-Atta also said government is taking active steps to address the impact of the economic shocks on Ghanaians through the seven-point agenda to restore macro-economic stability and accelerate the economic transformation as articulated in the Post-COVID-19 Programme for Economic Growth.
Ghana’s economy expanded by 4.8% in the second quarter of 2022, higher than the 3.4% recorded in the first quarter, data from the Ghana Statistical Services has revealed.
The appreciable growth rate was driven by Manufacturing (8.8%), Crops and Cocoa (4.5%), Mining and Quarrying (4.4%), Information and Communication (12.4%) as well as the Education (13.2%) sub-sectors.
Speaking to TV3 on Tuesday May 2, Dr Forson who is also Lawmaker for Ejuamako Enyan Essiam said “Inflation is hitting the roof, our Cedi is depreciating at a rapid rate, our country’s economy is failing to grow, we we will struggle to get 2 per cent GDP growth this year.
“Just like last year they projected something and we got lower than that. I am projecting up to about 2 per cent maximum.”