Ghana Budget 2012 highlights

Macroeconomic policies that the Government has pursued over the last few years, have shown positive results; a sustained drop in inflation to single digit, a relatively stable currency against the major trading currencies and an improved budget deficit position (September 2011). This gives a solid basis for Ghana to optimise its potential as an emerging lower middle income economy.

There is evidence of a sustained growth in Gross Domestic Product (GDP) from 4.0% in 2009 to 13.6% in 2011. The increased access to credit, falling trends in lending rates and increased foreign direct investments all suggest increased investor confidence in the domestic market and an improving economic environment. It is no surprise that the International Monetary Fund (IMF) considers Ghana as one of the fastest growing economies in the world today.