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Ghana 2013 growth seen near 8 pct on oil boost: IM

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Post# of 28537
Posted On: 04/12/2013 10:15:32 AM
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Posted By: itest
Ghana 2013 growth seen near 8 pct on oil boost: IMF

Employees gather round equipment at the Tema oil refinery near Ghana's capital Accra ACCRA (Reuters) - An increase in oil production in Ghana in 2013 will keep the country's economic growth at around 8 percent, the International Monetary Fund said on Friday. "While activity in the non-oil sector is dampened by energy disruptions and high interest rates, increased oil production should keep overall economic growth close to 8 pct," said Christina Daseking, leader of the IMF mission to Ghana. She added that a weaker outlook for cocoa and gold exports will leave the West African state's current account deficit at around 12 percent of gross domestic product.




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