Ghana’s GDP Grew By 4.7% In First Quarter of 2024 – Says GSS


Source: Africa Publicity

The Ghana Statistical Service (GSS) has revealed that the Ghanaian economy recorded a significant expansion in the first quarter of 2024.

Government Statistician, Samuel Kobbina Annim, in his address to the media in Accra, on Tuesday, June 18, 2024, said Ghana’s Gross Domestic Product (GDP) grew by 4.7% in the first three months of 2024, up from 3.8% in the prior quarter.

Ghana’s economic growth in recent time has been impacted by reduced government spending aimed at public debt control under the framework of the $3 billion International Monetary Fund bailout program.

Ghana is currently working on restructuring a significant portion of its $44 billion debt, holding negotiations with private creditors to reorganize $13 billion of bonds.

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