Africa’s Fastest-Growing Economy Is Even Bigger Than It Seems
Ghana plans to publish overhauled economic data that will show its gross domestic product is bigger than currently estimated.
The West African nation will remeasure economic output using 2013 prices instead of 2006 and the basket of activities used to value the economy is being expanded due to new industries that have formed since 2006, Asuo Afram, head of economic statistics at the Ghana Statistical Service, said by phone.
The agency will release the revised GDP and economic growth figures for 2014 to 2017 on May 23 and the data points to a bigger economy than previously estimated, Afram said, declining to give a number because the calculations haven’t been finalized.
Source: African Business Central