Ghana targets 5 pct GDP growth in 2021: budget statement

A street in Accra, Ghana's capital city. /VCG

Ghana targets to grow its economy at five percent by the end of 2021, said Osei Kyei Mensah-Bonsu, the acting finance minister here on Friday.

Presenting the 2021 budget to parliament, the acting minister said the government expected the Ghana COVID-19 Alleviation and Revitalization of Enterprises (CARES) program and other government policy interventions to help restore the economy to the growth path.

"We also target to achieve an end-point consumer inflation rate of 8.0 percent and a fiscal deficit of 9.5 percent," said the minister.

The government also targets to achieve a gross international reserve equivalent to four months of import cover.

Source(s): Xinhua News Agency