Ghana’s Economy Grows By 6.9% In 2024 2nd Quarter

The latest data from the Ghana Statistical Service (GSS) indicates that the cumulative economic growth for the second quarter (Q2) of 2024 stood at 6.9 %.

This is a significant increase from the 4.7 percent recorded in the first quarter of 2024.

The GSS made this known in a statement issued on Wednesday, September 18.

The economic rebound is another boost to the country as the government restructures its debt.

This growth is largely driven by the mining, quarrying, crops, information and communication, construction and manufacturing sectors.

The Services sector continues to be the largest sector of the Ghanaian economy in 2024 Q2 with a share of 44.2 percent of GDP at basic prices. The GDP shares of Industry and Agriculture were 32.2 percent and 23.6 percent, respectively.

Ghana’s overall industry sector grew by 9.3%, driven by mining and quarrying, while the gold sector expanded for the third consecutive period, by 23.6% in the second quarter. The services sector grew by 5.8%, while agriculture rose by 5.4%.

The Services sector continues to be the largest sector of the Ghanaian economy in 2024 Q2 with a share of 44. 2 percent of GDP at basic prices. The GDP shares of Industry and Agriculture were 32.2 percent and 23.6 percent, respectively.

Source:opemsuo.com