Côte d’Ivoire skyrockets 6.5% GDP growth in 2021 despite power crisis
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June 20th 2021
By: Norvisi Mawunyegah
Despite a continuing energy supply problem, Côte d’Ivoire’s GDP is expected to grow by 6.5 percent in 2021, up from 2% last year, according to a government spokesperson. Because of the COVID-19 pandemic, growth in the world’s leading cocoa producer halted in 2020, and economic activity is presently being hindered by significant power outages.
However, government authorities claim that the economy fared better than predicted throughout the pandemic due to strong foundations. Prior to that, Côte d’Ivoire had one of the world’s fastest economic development rates.
“Despite the energy crisis, economic growth is estimated at 6.5% by Ivorian experts against 6% by the IMF,” government spokesman Amadou Coulibaly said on Wednesday, referring to the International Monetary Fund’s projection.
Due to a reduction in generation capacity, electricity has been rationed to customers in Côte d’Ivoire since late April.