Vice president John Dramani Mahama is upbeat about Ghana realising its ambition to become a middle income country soon.
He says revenue expected from the oil find should propel the country to that status by the target year.
According to Mr. Mahama, the transition will afford the country better investment opportunities for accelerated growth and alternatively rely on other forms of external lending when the need arises.
He was speaking at the 2010 Consultative Annual Partnership Meeting with the country’s donors.
“We are informed that after 2011, GDP growth will come back to normal, at a more reasonable level between eight and 10 per cent. This means that our middle-income status will brief and technical one,” Mr John Mahama said.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Paramount Chief of Wenchi instructs illegal miners to stop operating in the area
28 minutes -
AGRA Board Chair urges partners and MPs to support Ghana’s food systems transformation efforts
3 hours -
Sissala East constituents urge Mahama to recover looted state funds
3 hours -
Redeem your promises to us – Gakli residents to President Mahama
3 hours -
Consider our sons and daughters in building your team – Volta House of Chiefs to Mahama
4 hours -
World Bank to commit $30m to Ghana’s irrigation systems
4 hours -
Speaker urges new MPs to prioritise sound reasoning over emotions
4 hours -
Kantamanto fire: Traders in Ho Central Market affected
4 hours -
Abolish regional minister portfolio – CDA CONSULT to Mahama
4 hours -
Champions of 2024 Inter-School Reading Quiz tour Mohammed Bin Rashid Library in Dubai
6 hours -
Mahama decouples Youth from Sports Ministry
6 hours -
President Mahama orders immediate suspension of state land transactions
6 hours -
Edward Bawa: NDC left $2.4bn energy debt, NPP aggravated the situation
6 hours -
Joint military police reinforcement deployed in Ejura
6 hours -
Fire guts 3 shops in Ho
6 hours