Investor Presentaiton
Resilient Growth Despite Macro Pressures
In size and per capita terms, Ghana's GDP ranks favourably
GDP (US$ billions)
Côte d'Ivoire
(Ba3/-/B+)
Ghana
(B3/B-/B)
Kenya
(B1/B+/B+)
Cameroon
(-/B/B)
Gabon
(B3/B-B+)
13.8
Zambia
(B2/B/B)
Sources: WEO 2015, Ministry of Finance
amongst peers
28.5
24.5
33.7
37.1
Ghana is focused on inclusive growth and its real GDP
growth has historically outperformed peers
GDP per Capita (US$)
Real GDP Growth (Annual %) 1
■Ghana
Sub-Saharan Africa
World
1,460
8.0%
7.3%
1,339
42.4
5.2%
1,432
5.0%
4.3%
3.8%
4.0%
3.9%
3.5%
1,234
3.4%
3.3%
3.3%
8,580
2012
1,576
2013
2014
2015
5.4%
3.8%
3.6%
2016f
Note: (1) Estimates. The real GDP growth data compares data from Ghana and IMF World Economic Outlook
(WEO) October 2015 data for Sub-Saharan Africa (SSA) and World.
Ghana is determined to foster inclusive and sustainable growth under its transformational transition agenda
■ Front-loaded adjustments within IMF supported macroeconomic programme being balanced with improvements in real-sector performance and protection
of vulnerable section of society
■ Social intervention was traditionally focused on housing, power and utility subsidies. New approach now sees far reaching initiatives such as alignment of
household tax to income threshold levels and statutory funds to protect vulnerable section of society, boost healthcare delivery, education and job creation
■ Growth, revenue boost, job creation as well as reduction in import bill and productivity disruptions follows investments in domestic Gas-to-Power
infrastructure; boosting Ghana's macro prospects
■ Broad based multilateral and bilateral funding and policy support continues to encourage private investments in Hydrocardon (TEN, Sankofa and Jubilee
Fields), Services and Agriculture sectors
■ Despite short term challenges, such as inflation and commodity prices pressures, Ghana's fundamentals and prospects remain robust
■ Ghana's diverse economy, rich commodity endowment, young vibrant and skilled population, and strong institutional framework support its long-term
growth potential
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