Macroeconomic Forecast Ghana

October 2007 | Macroeconomic Forecasts

We forecast that the inflation rate will continue to ease over the next two years, dropping to 9.5% at the end of 2007 and to 7.5% year-end in 2008. We also see real GDP growth falling over the next two years to 6.1% by the end of 2008 from 6.6% at the end of 2007. Oil will play a role in the future of both indicators - high oil prices present a future upside risk to inflation, while recent discoveries of offshore oil could further boost real GDP growth in the years to come.

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