Ghana targets 8% GDP, 8.5% deficit in 2014

Ghana is targeting a fiscal deficit of 8.5% and gross domestic product (GDP) growth of 8% in 2014.

This was announced by Finance Minister Seth Terpker while reading the 2014 Budget Statement today November 19, 2013.

On inflation, the Ghana government aims to reach a 9.5% rate by the end of 2014, Mr Terkper told lawmakers in Accra.

Ghana aims to achieve a 9% deficit and 7.4% GDP in 2013.

By Ekow Quandzie