The economy of Ghana expanded by 5.4% from a year earlier in 2021, the most in two years, beating forecasts by the government (4.4%) and the International Monetary Fund (4.2%). The services sector recorded the highest growth rate of 9.4%, followed by agriculture (8.4%). Meanwhile, the industrial sector contracted (-0.8%), mainly due to poor performance in mining (-12.1%), on account of oil and gas (-12.5%).
Full Year GDP Growth in Ghana averaged 4.39 percent from 2014 until 2021, reaching an all time high of 8.10 percent in 2017 and a record low of 0.50 percent in 2020. This page includes a chart with historical data for Ghana Full Year Gdp Growth. Ghana Full Year Gdp Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.
Full Year GDP Growth in Ghana is expected to reach 3.70 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Full Year Gdp Growth is projected to trend around 4.10 percent in 2023 and 5.00 percent in 2024, according to our econometric models.