Ghana Annual GDP Growth Slows to 3.6% in Q3

The economy of Ghana expanded 3.6 percent year-on-year in the third quarter of 2015, easing from a 3.9 percent growth in the previous period and 12.2 percent a year earlier.

The slowdown was mainly driven by a decline in hotels and restaurants sector and drop in mining and quarrying as lower gold prices caused mines closing.

The growth rate has been weakening 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.

Ghana Statistical Services expect a 4.1 percent GDP growth for 2015, above the government's target of 3.0 percent.

Ghana Annual GDP Growth Slows to 3.6% in Q3

Yekaterina Guchshina |
12/23/2015 2:05:28 PM