Ghana GDP Shrinks

Ghana’s gross domestic product, notwithstanding the discovery of oil, has only increased from $28.5 billion in 2008 to a projected $40 billion in 2016, a 40% increase in eight years, according to the New Patriotic Party, Ghanaweb reported. In its analysis of the country’s performance under President John Dramani Mahama, the NPP stated: “In fact, between 2012 and 2016, i.e. during John Mahama’s tenure as president, the economy, in dollar terms, shrunk by 5%.”  The NPP said under the NDC, GDP per capita recorded a growth of 17% from $1,266 in 2008 to a projected $1,481 in 2016 with oil revenues.