The gross domestic product of Ghana advanced by 7% from a year ago in the fourth quarter of 2021, following a downwardly revised 6.5% rise in the previous three-month period. It was the fastest pace of growth since the first quarter of 2020, mainly boosted by agriculture (8.2% vs 7.6% in Q3) and services (8.1% vs 13.6%). At the same time, the manufacturing sector rebounded (4.8% vs -1.6%). On a quarterly basis, the GDP grew 1.8%, after a downwardly revised 1.5% rise in the previous quarter. Considering the full year of 2021, the GDP expanded by 5.4%, the most in two years, beating forecasts by the government (4.4%) and the International Monetary Fund (4.2%). source: Ghana Statistical Service
GDP Annual Growth Rate in Ghana averaged 6.22 percent from 2000 until 2021, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -5.70 percent in the second quarter of 2020. This page provides the latest reported value for - Ghana GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ghana GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
GDP Annual Growth Rate in Ghana is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana GDP Annual Growth Rate is projected to trend around 6.00 percent in 2023 and 6.30 percent in 2024, according to our econometric models.