Economy / Ghana
If you would like to subscribe to West Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to West Africa Monitor please click on the trial link below.
Macroeconomic Forecast CA Deficit Sustainable
November 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to West Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to West Africa Monitor please click on the trial link below.
BMI View: Given our positive outlook on the economy and the cocoa industry, we believe that the country's current account deficit will be sustainable over our forecast period. In fact, despite a slight spike to 4.7% of GDP in 2008 (up from a projected 4.2% in 2007), we believe that the shortfall is likely to decline in the years ahead, with our 2009 and 2010 forecasts currently standing at 2.2% of GDP and 2.1%, respectively.