2023 Ghana GDP growth rate slows to 2.9%, with industry sector in contraction (-1.2%).

Ghana's GDP growth rate slowed to 2.9% in 2023, according to the Ghana Statistical Service, despite a strong growth rate of 3.8% in the fourth quarter of last year. The overall growth rate for the year decreased by 0.9 percentage points compared to the 2022 growth rate. The annual GDP growth rate for the industry sector returned to contraction, growing by minus 1.2%, while the services sector recorded a growth rate of 5.5% and the agriculture sector a growth rate of 4.5%.

March 20, 2024
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