{"id":400499,"date":"2018-02-11T14:29:50","date_gmt":"2018-02-11T14:29:50","guid":{"rendered":"http:\/\/citifmonline.com\/?p=400499"},"modified":"2018-02-11T14:29:50","modified_gmt":"2018-02-11T14:29:50","slug":"2018-will-provide-true-test-for-recovering-economy-imani-boss","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/02\/2018-will-provide-true-test-for-recovering-economy-imani-boss\/","title":{"rendered":"2018 will provide true test for ‘recovering’ economy – IMANI Boss"},"content":{"rendered":"
IMANI Africa President, Franklin Cudjoe believes the real test for the Akufo-Addo administration’s economic management team will come in 2018, following the macroeconomic gains made in 2017.<\/p>\n
Speaking on The Big Issue<\/strong>, the policy analyst cited the restricted spending in 2017 and increased budgetary allocations for 2018 as the reasons government will have to be wary of this year.<\/p>\n [contextly_sidebar id=”GK5ov9Ai8I3tSObtgbvJrKaVVu6vWWbA”]His comments were in response to President Nana Akufo-Addo’s State of the Nation Address, which highlighted the improved prospects of Ghana’s economy.<\/p>\n Progress made in the economy in 2017 included reduced inflation, increased economic growth, a rise in GDP by up to 7.9 percent, and an increase in Ghana\u2019s international reserves.<\/p>\n The President, among other things, also noted that the World Bank has projected that\u00a0Ghana\u2019s economy will probably grow by 8.3 percent this year, which will be the fastest in the world in 2018.<\/p>\n Mr. Cudjoe acknowledge the economy’s growth as being “stellar” but said a proper reading the Akufo-Addo government’s handling of the economy will be in 2019 and beyond.<\/p>\n “There has been a stellar performance. The macroeconomic outlook is looking great but it is also looking great on the back of restricted spending in the first year. It is this year and the subsequent years that will actually test these macroeconomic figures, especially now that we have made huge budgetary allocations, to the Ministry of Special Development Initiatives for instance. The real test of the fortitude of the management of the economy will then be felt.\u201d<\/p>\n