Macro Analysis /

Ghana: GDP growth slows to below-expected 0.4% in 2020

    22 April 2021
    • Slowdown reflects negative impact of pandemic and is below govt projection of 0.9%
    • GDP revised down for previous quarters to reflect worse performance of industry, services
    • GDP growth recovers to 3.3% in Q4 from contractions in Q2-Q3
    • Government expects growth to rebound to 5.0% this year