...Institutional and economic profile Flexibility and performance profile The economy is set to recover in 2021, but growth prospects are still clouded by the COVID-19 pandemic. + Ghana has a strong track record of peaceful political transition and well-established democratic institutions. + Factoring in the effects of the pandemic's second wave, we project real GDP growth will likely recover by 4.5% in 2021 and average 5.1% over 2022-2024. + We expect a pick-up in the hydrocarbon sector, higher output in the gold and cocoa sectors will help spur export growth and recovery in trade and services sector. Fiscal deficits remain sizable, with fiscal adjustment likely to be delayed. + Ghana's existing fiscal vulnerabilities have been accentuated by the pandemic. Fiscal consolidation will likely be slower while debt stock and servicing burden remain relatively high. + Current account deficits are likely to remain moderate at close to 3% of GDP, thanks to a diversified export base of gold, oil, and...
