Size of Ghana's economy reaches ¢841.63bn

Ghana's economy reached GH¢841.63 billion in 2023, as disclosed by the Ghana Statistical Services, marking a significant increase from GH¢614.33 billion in 2022.
The latest figures include net indirect taxes estimated at GH¢58.74 billion.
The services sector emerged as the largest contributor, accounting for GH¢357.34 billion or 45.6% of GDP, followed by industry with GH¢247.941 billion (31.7% of GDP), and agriculture at GH¢177.606 billion (22.7% of GDP).
Sub-sectors by share of GDP included Crops (19.4%), Trade and Repair of Vehicles, Household Goods (18.3%), Mining and Quarrying (12.9%), Manufacturing (12.1%), and Transport and Storage (6.0%).
The last quarter of 2023 saw the highest real GDP growth rate at 3.8%, with the industry sector shifting from contraction to expansion by 1.6%.
Gross National Income per capita in local currency doubled since 2018, reaching GH25,349.
However, from a US dollar perspective, income per head has remained relatively steady, ranging from $2,126 to $2,453 in the last six years.
The Ghanaian economy expanded by 2.9% in 2023, surpassing the Finance Ministry's revised forecast of 1.5% but falling slightly short of the 3.1% growth recorded in 2022.
Source: classfmonline.com
Trending Business
DVLA to open new office in Ablekuma North
03:04Tema Shipyard revamped and fully operational after years of dormancy
02:07Finance Minister explores support for Accra–Kumasi expressway project
01:59PURC to announce new utility tariffs from January
01:17Ghana secures $1.5bn oil and gas investment deal at Africa Oil Week
08:58Bank of Ghana hosts BADEA President as Ghana signs 24-Hour Economy MoU
01:37TDC warns against unlawful occupation of public lands in Tema acquisition area
00:52Ghana secures $3.5bn investment to boost upstream petroleum sector — Energy Minister
00:30Gov't targets 60% boost in coconut export earnings
09:48Mahama calls for “just energy transition” at APPO NOCs CEOs forum
09:25