IMF forecasts Ghana 2013 GDP growth at 7 pct, below target

ACCRA (Reuters) - Ghana's economy will grow 7 percent in 2013, the International Monetary Fund said on Wednesday, below the West African government's 8 percent forecast. It will be difficult for Ghana to keep its budget deficit below 10 percent this year, the IMF added in a statement. The government says its deficit will fall to 9 percent this year from 12.1 percent in 2012. One key risk for the economy of Ghana, an exporter of cocoa, gold and oil, is its current account deficit, which will rise to 13 percent of gross domestic product this year, the IMF said.