Jump to navigation

Vol 50 No 2

Published 23rd January 2009


Economic facts and fantasies

Loyalists of the outgoing National Patriotic Party (NPP) government reacted angrily to World Bank Country Director Ishac Diwan's dire warnings about Ghana's economy. Estimating the government's budget deficit at 14% of gross domestic product and the trade deficit higher still, Diwan wrote to new President John Atta Mills: 'Tackling the twin deficits is an urgent priority, both to avoid the occurrence of a socially painful financial crisis, and also, to lay the ground for a period of accelerated growth when oil revenues start flowing, most probably around 2011.'

End of preview - This article contains approximately 381 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.