The Minister of Finance, Seth Tekper has reiterated the government’s commitment to achieve a growth rate of eight percent this year.
The Government projected a GDP of 8.0 percent in the 2013 budget. The economy recorded a growth rate of 7.9 percent in 2012, according to revised estimates by the Ghana Statistical Service.
Mr. Terkper said that the government will continue to maintain a higher GDP going forward. He disclosed this a while ago when he took his turn at the ‘Meet the Press’ organised programme.
Mr. Tekper also said the debt ratio of the country is sustainable even at 44 percent of GDP, though he admits that the country must borrow less particularly on the domestic market.
Ghana’s public debt stock increased to 38.3 billion Ghana Cedis about 43.2 percent of GDP at the end of April.
Mr. Tekper claims that borrowed funds must be used for sustainable projects.
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