Ghana GDP Q3 2016


Ghana: Economy gains steam in Q3

December 28, 2016

According to a provisional estimate from the Ghana Statistical Service, the country’s economy picked up momentum in Q3 2016, expanding 4.0% compared to the same quarter of the previous year. The figure was an improvement from the 2.5% growth registered in the previous quarter.

Q3’s acceleration was broad-based, with all sectors of the economy expanding. The service sector lead the way, growing 4.7% compared to the same quarter of the prior year, with the transport and storage, and information and communication sub-sectors the star performers. The industry sector also enjoyed healthy 3.9% growth thanks to a boom in construction, while the agricultural sector expanded at a more modest 2.3%, with livestock a large contributor.

FocusEconomics Consensus Forecast panelists expect the economy to expand 6.2% in 2017, which is unchanged from last month’s estimate. For 2018, the panel sees the economy expanding 6.5%.

Author:, Economist

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Ghana GDP Chart

Ghana GDP Q316 0

Note: Year-on-year changes of GDP in %.
Source: Ghana Statistical Service and FocusEconomics Consensus Forecast

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