BoB governor speaks on economic headwinds

Friday, August 30, 2024 | 660 Views |

Truth to power: Dekop PIC MORERI SEJAKGOMO

FRANCISTOWN: The Governor of Botswana’s central bank, Cornelius Dekop, said Sunday that the domestic economy is facing headwinds.

Dekop revealed this during the 17th Biennial National Business Conference, themed 'Invigorating Economic Transformation through the Private Sector' and organised by Business Botswana last Sunday.

“For 2024, initial projections announced by the Minister of Finance, Peggy Serame, during the 2024–2025 budget speech, indicated an anticipated growth rate of 4.2 percent,” said Dekop. “However, this is unlikely to be realised given measured economic performance so far in 2024. “Thus, the IMF, following their consultation mission in July 2024, now projects the domestic economy to grow by one percent in 2024.”

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