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BusinessGhana’s economy progresses by 4.7 percent in 2024 Q1

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Ghana’s economy progresses by 4.7 percent in 2024 Q1

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The Ghana Statistical Service (GSS) reported a 4.7% increase in the country’s GDP during the first quarter of 2024, compared to a 1.2% growth in the fourth quarter of 2023.

Leading the growth were sectors like mining and quarrying (12.9%), information and communication (17.9%), crops (4.3%), construction (8.2%), and accommodation and food service activities (9.4%).

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However, some sectors experienced contractions, including health and social work (-8.8%), electricity (-7.5%), public administration, defense, and social security (-5.3%), education (-4.9%), other personal service activities (-2.9%), and forestry and logging (-1.2%).

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