Claim: Deputy Public Relations Officer of the Education Ministry claims that Ghana’s economy grew by 0.6% in 2020.
Data from the Finance Ministry, IMF, and the World Bank indicate the economy grew by 0.4%
The Deputy Public Relations Officer of the Education Ministry, Yaw Opoku Mensah, has claimed that Ghana’s economy grew by 0.6% in 2020.
He made the claim when he appeared as a guest on Boho Bio on Kumasi-based Hello FM on Monday, March 28, 2022.
“In 2020, the economy grew by 0.6%, an economy that was growing on average by about 7%. Because of COVID-19 restrictions such as the lockdown, the economy grew by 0.6%,” Yaw Opoku Mensah said on the show whilst touting the government’s efforts in building a resilient economy.
To authenticate the claim by Yaw Opoku Mensah, DUBAWA analyzed data from the Finance Ministry, World Bank, and the IMF.
The three institutions all quote Ghana’s GDP growth for 2020 as 0.4%.
The Finance Ministry, in its Mid-Year Fiscal Policy Review of the 2021 Budget Statement and Economic Policy (Page 85), indicated that the economy had grown by 0.4%.
Ghana’s 0.4% GDP growth rate in 2020 was its lowest in about 35 years.
How does Ghana’s 0.4% in 2020 compare with others in the Sub-Saharan region?
Many economies struggled in 2020 because of the outbreak of the coronavirus pandemic, leaving relatively few countries including Ghana, to record positive growth.
According to the World Bank, economic growth in Western and Central Africa contracted by -0.8% in 2020 whereas growth in East and Southern Africa contracted by -3%.
Relying on data from the World Bank, and IMF, just about 14 countries in Sub-Saharan Africa recorded a positive economic growth rate in 2020.
|Country||World Bank||IMF||Varied sources|
|Burkina Faso||2.0%||1.9%||2.50% (BCEAO)|
|Central African Republic||0.0%||1%||0.4% (AFDB)|
|Democratic Republic of Congo||0.5%||1.7%||1.74% (Statista)|
|Côte D’Ivoire||1.8%||2%||1.80% (BCEAO)|
|Ghana||0.4%||0.4%||0.4% (Ghana Finance Ministry)|
|Sao Tome and Principe||3.1%||3%||3% (Statista)|
|Tanzania||2.0%||4.8%||4.8% (Deloitte Tanzania)|
Official data from the Finance Ministry, World Bank and the IMF do not support the claim by the Deputy Public Relations Officer of the Education Ministry. In view of that, DUBAWA rates the claim as false. Ghana’s economy grew by 0.4% and not 0.6% as claimed.