RSS   Newsletter   Contact   Advertise with us

Ghana 2016 GDP growth slows to 3.5 percent y-o-y

Staff Writer | April 27, 2017
Ghana's gross domestic product growth in 2016 GDP stood at a provisional figure of 3.5 percent year-on-year, down from 3.9 percent in 2015, acting government statistician Baah Wadieh told a news conference.
Africa   Acting government statistician Baah Wadieh:
For years, Ghana's economy grew at 8 percent annually on the back of its gold, oil and cocoa exports. But it has slowed sharply since 2014, in part because of lower global commodities prices and a fiscal crisis.

The new government of President Nana Akufo-Addo said in March the $40 billion economy would grow at 6.3 percent in 2017.

The statistics office said GDP growth for the fourth quarter of last year stood at 4.1 percent as against 3.9 percent for the same period in 2015.