Ghana Revises 2015 GDP, Fiscal Deficit to 7.3%

By InvestAdvocate

Lagos (INVESTADVOCATE)-Ghana on Tuesday said it has revised its 2015 budget deficit target to 7.3 percent of gross domestic product (GDP) from 6.5 percent previously, according to a Reuters report quoting Seth Terkper, finance minister.

The report also disclosed the country cut its economic growth estimate to 3.5 percent to 3.9 percent.

It said Terkper, presenting a revised 2015 budget to parliament, said Ghana’s end-year consumer inflation estimate was increased to 13.7 percent from 11.5 percent.

 

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