2.9% growth in Ghana’s economy a further sign of relative macro-stabilisation? – Theo Acheampong asks

An economist Dr Theo Acheampong has asked whether the the 2.9 % expansion in Ghana’s economy is a further sign of relative macro-stabilisation.

On Wednesday, March 20, the Government Statistician, Professor Samuel Kobina Annim announced 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 said on his X platform “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.

More soon…

 

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