{"id":63314,"date":"2023-05-02T22:59:20","date_gmt":"2023-05-02T22:59:20","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/05\/02\/govt-will-struggle-to-achieve-2-gdp-growth-rate-this-year-ato-forson\/"},"modified":"2023-05-02T22:59:20","modified_gmt":"2023-05-02T22:59:20","slug":"govt-will-struggle-to-achieve-2-gdp-growth-rate-this-year-ato-forson","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/05\/02\/govt-will-struggle-to-achieve-2-gdp-growth-rate-this-year-ato-forson\/","title":{"rendered":"Gov&#8217;t will struggle to achieve 2% GDP growth rate this year &#8211; Ato Forson"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"404\"  alt=\"\" title=\"gross-domestic-product\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/05\/gross-domestic-product.jpeg\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"404\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/05\/gross-domestic-product.jpeg\"   alt=\"\" title=\"gross-domestic-product\"\/><\/noscript><\/div>\n<p><strong>The government will struggle to achieve 2 per cent Gross Domestic Product (GDP) growth rate for 2023, Minority Leader Dr Cassiel Ato Forson has said.<\/strong><\/p>\n<p>This is contrary to the 2.8% target in 2023 that was announced by the Finance Minister, Ken Ofori-Atta last year.<\/p>\n<p>Mr. Ofori-Atta also said government is taking active steps to address the impact of the economic shocks on Ghanaians through the seven-point agenda to restore macro-economic stability and accelerate the economic transformation as articulated in the Post-COVID-19 Programme for Economic Growth.<\/p>\n<p>Ghana\u2019s economy expanded by 4.8% in the second quarter of 2022, higher than the 3.4% recorded in the first quarter, data from the Ghana Statistical Services has revealed.<\/p>\n<p>The appreciable growth rate was driven by Manufacturing (8.8%), Crops and Cocoa (4.5%), Mining and Quarrying (4.4%), Information and Communication (12.4%) as well as the Education (13.2%) sub-sectors.<\/p>\n<p>Speaking to TV3\u00a0 on Tuesday May 2, Dr Forson who is also Lawmaker for Ejuamako Enyan Essiam said \u201cInflation is hitting the roof, our Cedi is depreciating at a rapid rate, our country\u2019s economy is failing to grow, we we will struggle to get 2 per cent GDP growth this year.<\/p>\n<p>\u201cJust like last year they projected something and we got lower than that. I am projecting up to about 2 per cent maximum.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government will struggle to achieve 2 per cent Gross Domestic Product (GDP) growth rate for 2023, Minority Leader Dr Cassiel Ato Forson has said. This is contrary to the 2.8% target in 2023 that was announced by the Finance Minister, Ken Ofori-Atta last year. Mr. Ofori-Atta also said government is taking active steps to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-63314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov&#039;t will struggle to achieve 2% GDP growth rate this year - Ato Forson - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/05\/02\/govt-will-struggle-to-achieve-2-gdp-growth-rate-this-year-ato-forson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov&#039;t will struggle to achieve 2% GDP growth rate this year - Ato Forson - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The government will struggle to achieve 2 per cent Gross Domestic Product (GDP) growth rate for 2023, Minority Leader Dr Cassiel Ato Forson has said. 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