Ghana’s economy grew by 2.9% in 2023 – Government Statistician

Government Statistician, Professor Samuel Kobina Annim has said that Ghana’s economy grew by 2.9% in 2023, from the 3.8% recorded in 2022.

The Services sector contracted by -1.2%, he added.

Commenting on this development, an economist Dr Theo Acheampong asked on his X platform whether this is a further sign of relative macro-stabilisation.

“Further signs of relative macro-stabilisation? — Ghana’s economy expanded at its fastest pace in more than a year after the industry sector exited four straight quarters of contraction.

“Gross domestic product grew 3.8% in the three months through December from a year earlier, compared with a revised 2.2% in the prior quarter. That was the fastest pace of growth since the second quarter of 2022,” he said.

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Credit: 3news