Ghana economy up 4.8% in second quarter, stats office says

Credit: REUTERS/Francis Kokoroko

Adds quote, details

ACCRA, Sept 20 (Reuters) - Ghana's economy expanded 4.8% year-on-year in the second quarter of 2022, data from the country's statistics service showed on Tuesday.

"The sharp decline we recorded in the last quarter has been marginally reversed," government statistician Samuel Kobina Annim said during a press conference. He said growth in fishing, manufacturing and education services were the largest contributors to the change.

The gold- and cocoa-producing nation in July said it would seek IMF support as its balance-of-payments position deteriorated.

The government has blamed its woes on a combination of forces, including the COVID-19 pandemic, the war in Ukraine, as well as U.S. and Chinese economic slumps.

(Reporting by Christian Akorlie and Cooper Inveen; Editing by James Macharia Chege)

((; Tel: +27 10 346 1084; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.