Provisional GDP data from the Ghana Statistical Service for the second quarter of 2024 point to a “stronger growth outturn than expected,” the Bank of Ghana has said.

At the end of its 120th Monetary Policy Committee meeting, Central Bank Governor Ernest Addison told journalists on Friday, 27 September 2024 that: “Real GDP grew by 6.9 per cent in the second quarter of 2024, compared with 2.5 per cent in the corresponding quarter of 2023, and 4.7 per cent in the first quarter of 2024.”

He said non-oil GDP growth was 7.0 per cent compared with 3.1 per cent in the same period of 2023.

The growth outturn, Dr Addison noted, “Was largely driven by a strong performance in the industry sector, which grew by 9.3 per cent, having contracted by 2.6 per cent the same time last year.”

Dr Addison added that the services and agricultural sectors also grew by 5.8 per cent and 5.4 per cent, respectively.