Since the 2007 discovery of significant oil reserves, hydrocarbons exports have been added to the roster. The Government Statistician, Professor Samuel Kobina Annim, has revealed that Ghanaâs economy is recovering after contracting twice in the year 2020 amidst the outbreak of the coronavirus pandemic. President Nana Addo Dankwa Akufo-Addo has said Ghanaâs economy is rebounding at a faster rate than anticipated. Ghana sits on the Atlantic Ocean and borders Togo, Cote d'Ivoire, and Burkina Faso. In the same period of 2019, the growth was 5.6 per cent. The weights are determined by the respective shares of the 18 trading partners in Ghana's total trade. Ghanaâs central bank kept its key interest rate at an eight-year low for a fourth straight meeting as inflation edged closer to target and the economy is rebounding faster than expected. New data released by the Bank of Ghana suggests that Ghanaâs economy may have begun a rebound from the contractions it suffered during the second and third quarters of 2020 as a result of the adverse impact of COVID-19 and the requisite socio-economic restrictions imposed by government to curb the spread of ⦠As of end of March 2020, Covid-19 of March 2020. Economy | December 29th 2020 Ghana to post modest economic recovery in 2021 After a recession in 2020, Ghana's economy will recover in 2021, although reduced fiscal spending will temper growth. This was driven mainly by the services sector, the Ghana Statistical Service (GSS) said on Wednesday. Ghanaâs economy resilient enough to fund healthcare infrastructure â Minister. On Wednesday, February 10, 2021 the Economic Governance Platform (EGP) held a roundtable discussion on Ghanaâs Economy for an 8-year period (2012-2020) at Coconut Grove Regency Hotel, Accra. Non-oil growth was also strong at 6.0%. Before independence the governmentâs role was confined mainly to the provision of such ⦠The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals.These have given Ghana one of the ⦠Ghana's economy contracted by 1.1 per cent year-on-year in the third quarter (July to September) of 2020 compared to the same period last year due to the coronavirus pandemic. This page has economic forecasts for Ghana including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ghana economy. The Ghanaian-German Economic Association invites you to our first business forum for the year, dubbed "Ghana's Economic Outlook for the year 2020". The long-term vision for Ghana is to become a middle-income Country by the year 2020. this is especially true for the fiscal operations of government. Ghanaâs economy expanded 4.9 percent year-on-year in the first quarter of 2020 compared to 6.7 percent in the same period last year. Ghana: Economy contracts at steep pace in Q2 amid Covid-19 fallout September 16, 2020 The economy contracted for the first time in four years in Q2 as the Covid-19 pandemic and associated containment measures dealt a ⦠Ghana election 2020: Hoping for a better future Challenges ahead Akufo-Addo heads into his second term as president at in time when the coronavirus pandemic has hit Ghana's economy hard. Share this with more people! Ghana - Ghana - Economy: The economy is a mixture of private and public enterprise. While total machinery imports having increased over time, the governmentâs capital expenditure has been on the decline since 2016. Ghana election 2020 na majorly between two candidates wey don once serve as President for Ghana within di last eight years. Estimating the risk of declining funding for malaria in Ghana: the case for continued investment in the malaria response, Malaria Journal (2020). New data released by the Bank of Ghana suggests that Ghanaâs economy may have begun a rebound from the contractions it suffered during the second and third. Ghanaâs economy contracted by 1.1 per cent year-on-year in the third quarter (July to September) of 2020 compared to the same period in 2019 due to the coronavirus pandemic. Ghanaâs efforts to put its economy on a more sustainable path by introducing a raft of wide-ranging reforms across the banking sector are mapped out in a new report by the global research and advisory firm Oxford Business Group (OBG).. On 30 March 2020, Ghanaâs Minister for Finance delivered a Statement to the Parliament of Ghana on the âEconomic Impact of the COVID-19 pandemic on the Economy of Ghanaâ. financial and economic data ghana january 2020 â 3 finishes the overview of the data the bank of ghana has compiled. About three-fifths of the GDP is derived from the services sector, agriculture contributes almost one-fifth, and industry about one-fourth. these data show generally that the government is on the right track to develop the economy.