Ghana GDP grows 9% in Q2 2017

Dan Eruka

The statistics office of Ghana has said that the country’s Gross Domestic Product (GDP) growth was 9.0 percent in the second quarter of 2017 compared to 6.6 percent in the first quarter.

For years, Ghana’s economy grew at around 8 percent per year, but it slowed sharply in 2014 due to lower prices for its commodity exports and a fiscal crisis that forced the government to sign a $918 million credit programme with the International Monetary Fund.

Ghana has clearly outpaced West Africa’s neighbour, Nigeria which has just managed to stage a comeback from recession.

Ghana’s recently released growth figure is subject to revision.

Previous NNPC to lift force majeure on Bonny Light ‘very soon’
Next Ugandan parliamentarians in second day of fighting over  presidential age limit

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *