A recent development that should excite the investor-community is the disclosure by the Ghana Statistical Service that the size of the country’s economy had been previously understated, by as much as US$13billion. Now, with US$30billion worth of production and consumption taking place in the economy, the scale of investment opportunities has been expanded immensely - adding to the already vast, underutilised pool of resources in several sectors.
In fact, if Ghana manages 7% real annual GDP growth between 2011 and 2015, consistent with current estimates, the size of national output would increase by 40% in real terms – and potentially rise twofold at market prices. This year alone the forecast is for real GDP to grow by 12.3%, including 5% real GDP contribution from the oil sector.
