IMF predicts exciting times for the Ghanaian economy this year

The International Monetary Fund is predicting some exciting times for the economy this year.

The fund is citing a strong economic growth for the country and a huge leap in revenues from crude oil and gold exports.

This is in contrast to forecast by some analysts about difficulties ahead because of the country's ballooning budget deficit and recent energy crises.

But Director of IMF Africa Department, Antoinette Sayeh tells Joy Business the prospects are good despite the challenges.

“Ghana has very good growth prospects, certainly on the basis of the three and main commodities it is producing. It is producing oil, cocoa and gold. We think there is room to certainly create opportunity more robust non oil and non commodities sector growth…the prospects are certainly on the growth side; prospects are certainly good for this year.”

Madam Sayeh however says the fund does not have any problem with Ghana's decision to turn to China for financial assistance.