Ghana GDP Grows 3.9% in Q2

The economy of Ghana expanded by 3.9 percent year-on-year in the three months to June, from a 4.1 percent growth in the previous period and a 2.6 percent growth in the same quarter of the previous year. The services sector was the main driver of growth led by finance and insurance.

The expansion was driven mainly by the services sector, led by finance and insurance and helped by the construction industry, according to the deputy government statistician Baah Wadieh.

The GDP annual growth has been slowing since the last quarter of 2014, due to lower commodity prices and a fiscal crisis that has led the country to sign a three-year aid deal with the IMF in April this year.

Meanwhile, Ghana Statistical Services expect a 4.1 percent GDP growth including oil for 2015, from a 3.5 percent previously estimated.

Ghana GDP Grows 3.9% in Q2

Joana Ferreira |
9/25/2015 2:36:44 PM