Ghana’s Economy Grows At Fastest Pace in Five Years in Second Quarter

TLDR

• Ghana’s economy grew 6.9% in Q2 2024, surpassing expectations and seeing significant growth in industrial, agriculture, and services sectors.
• Strongest growth in the industrial sector at 9.3% year-on-year, with agriculture and services sectors growing at 5.4% and 5.8% respectively.
• Despite overall growth, Ghana’s cocoa subsector experienced a fourth consecutive quarter of contraction.

Ghana’s economy expanded 6.9% in the second quarter of 2024, marking its fastest growth in five years and…