By Kofi Ahovi
The Ghana Statistical Service (GSS) is yet to compile its figures to enable it to predict whether the country would be able to achieve the 2009 Gross Domestic Product (GDP) target of 5.9%.
The Assistant Statistician in charge of Economic Statistics, Ebow Duncan, told Business week that the service could not immediately tell if the nation is on track to achieving the set target.
He said the service has only received data from four out of 13 sectors of the economy namely mining, electricity, banking and finance, and wholesale and retail.
The other sectors which are yet to provide data include crops and livestock, cocoa, fishing, forestry and logging, manufacturing, and construction.
He added that some micro indicators have surpassed their targets while others have fallen short.
It is expected that within the next couple of weeks GSS will have completed compilation of data to enable it assess whether the nation is on track in attaining the set target or otherwise.
The Mill led administration at the beginning of the year set a GDP target of 5.9% in the 2009 budget statement and economic policy and 12.5% as end of year inflation but later revised it to14.5% as a result of the buildup in the stock of domestic debt and associated high cost of borrowing among others.
Last year the Kufuor administration predicted a real GDP growth of at least 7.0% for 2008 but achieved 7.3% at end of the year.
The Ghana Statistical Service (GSS) is yet to compile its figures to enable it to predict whether the country would be able to achieve the 2009 Gross Domestic Product (GDP) target of 5.9%.
The Assistant Statistician in charge of Economic Statistics, Ebow Duncan, told Business week that the service could not immediately tell if the nation is on track to achieving the set target.
He said the service has only received data from four out of 13 sectors of the economy namely mining, electricity, banking and finance, and wholesale and retail.
The other sectors which are yet to provide data include crops and livestock, cocoa, fishing, forestry and logging, manufacturing, and construction.
He added that some micro indicators have surpassed their targets while others have fallen short.
It is expected that within the next couple of weeks GSS will have completed compilation of data to enable it assess whether the nation is on track in attaining the set target or otherwise.
The Mill led administration at the beginning of the year set a GDP target of 5.9% in the 2009 budget statement and economic policy and 12.5% as end of year inflation but later revised it to14.5% as a result of the buildup in the stock of domestic debt and associated high cost of borrowing among others.
Last year the Kufuor administration predicted a real GDP growth of at least 7.0% for 2008 but achieved 7.3% at end of the year.
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