GDP in Ghana

Ghana GDP | Economic News & Forecasts

Ghana - GDP

Economy picks up speed in Q3 2016

Ghana’s economy gathered momentum in the third quarter of the year, after a blip in the previous quarter had seen growth slow markedly. GDP expanded 4.0% in Q3 2016 compared to the same period of the previous year, rising from the 2.5% growth recorded in Q2. Q2’s lower growth was mainly due to a halt in oil production caused by a technical problem, which has since been resolved.

According to the Ghana Statistical Service (GSS), Q3’s acceleration was driven by growth in the industrial sector, which swung from a 5.0% contraction in Q2 to a 3.9% expansion in Q3 on the back of higher oil production. In contrast, growth in the services sector moderated from 6.0% in Q2 to 4.7% in Q3, while growth in the agricultural sector also slowed from 4.1% in Q2 to 2.3% in Q3.


FocusEconomics Consensus Forecast panelists expect the economy to expand 6.2% in 2017, which is up 0.1 percentage points from last month’s estimate. For 2018, the panel predicts that the economy will expand 6.6%.

Ghana - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)14.0  9.3  7.3  4.0  4.1  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Ghana GDP Chart


Ghana GDP
Note: GDP, annual variation in %.
Source: Ghana Statistical Services

Ghana Facts

ValueChangeDate
Exchange Rate4.360.30 %Mar 27

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form