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Foumbot: Man killed while intervening in group fightGhana records 2.9% GDP growth in 2023

By Charity Nginyu

A dark cloud descended upon Foumbot in the West Region of Cameroon as violence erupted, claiming the life of a young individual amidst clashes between rival factions.

According to reports, tensions prevailed in Foumbot for some time, culminating in confrontations between groups of delinquents.

Eyewitnesses recount that the victim, attempted to quell the tensions as approached the belligerent group only to meet a swift and untimely demise. Despite his noble intentions, he fell victim to the violence perpetrated by the delinquents.

Following the tragedy, residents of Foumbot have expressed outrage and grief, lamenting the loss of one of their own to the senseless violence that has gripped their town.

Many have equally expressed frustration vis-a-vis the gendarmerie, as they blame them for failing to intervene despite being alerted to the escalating clashes.

The main reason that led to the confrontation was not given at press time but fights like this are common in this area and often lea
d to bloody outcomes.

Source: Cameroon News Agency

Ghana’s economy grew 2.9 per cent growth in 2023 lower than to 3.8 per cent recorded in 2022, the Ghana Statistical Service said on Wednesday.

The Statistical Service indicated that the last quarter of 2023, recorded the highest real GDP growth rate, which was 3.8 per cent, the same growth rate recorded in the fourth quarter of 2022.

In terms of nominal values, GSS noted that the country’s GDP, including Oil and Gas estimate at constant 2013 prices for the fourth quarter of 2023 was GHS50,645.7 million (about 50 billion) compared to GHS48,796.8 million (about 48bn) in the fourth quarter of 2022.

On sectoral basis, the services sector recorded the highest growth of 5.1 per cent, followed by the agriculture sector at 4.5 per cent, while industry sector recorded a GDP growth of 1.6 per cent.

The Statistical Service noted that this was the first time in about 11 years that four of the 22 sub-sectors (Crops; Trade, Repair of Vehicles and Household Goods; Mining and Quarrying and Manufacturing) have accounted f
or more than 50 percent of Ghana’s GDP.

Meanwhile, Ms Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF) has challenged the government to work towards achieving a five per cent GDP growth.

‘What we want to see is a dynamic economy; we want to see Ghana back to a five per cent growth or more, and we believe that this is achievable,’ she said, during a media engagement with some selected journalists in Accra.

Source: Ghana News Agency