Government has announced some key revisions to the country’s macroeconomic fiscal targets for 2024.
Presenting the Mid-year Budget in parliament on July 23, 2024, Finance Minister, Mohamed Amin Adam said the Overall Real GDP Growth rate has been revised upwards from 2.8 percent to 3.1 percent.
He stated that government has decided to maintain the end of year inflation target unchanged at 15 percent.
In addition, Non-Oil Real GDP Growth rate was also revised upwards from 2.1 percent to 2.8 percent.
“Nominal overall GDP has been revised from ₵1,050 billion to ₵1,020 billion. Non-Oil GDP has been revised from ₵979 billion to ₵977,093 billion”.
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