Industry in Ghana

Ghana Industry | Economic News & Forecasts

Ghana - Industry

First-quarter annual growth came in at 6.8%, as the economy continued to gradually lose momentum at the outset of the year, after growth hit a five-year high in 2017. A subdued performance by the non-oil sector was mostly behind the slowdown; considerably weaker growth in the industrial sector weighed on economic activity, driven by a feeble increase in manufacturing production that mostly offset strong growth in mining and quarrying activity. In addition, agricultural output growth fell sharply in Q1, partly driven by a weak harvest. Meanwhile, second-quarter prospects point to a further slowdown in growth; the PMI fell to a five-month low in June, whereas inflation jumped back to double-digit territory in the same month. Together with a weaker cedi, higher inflation signaled potential headwinds for sustained domestic demand growth.

Ghana - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)6.6  0.8  -0.3  -0.5  16.7  

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Ghana Facts

Exchange Rate4.870.0 %Aug 15
Stock Market0.40.0 %Aug 15

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