https://en.sputniknews.africa/20240918/ghanas-economy-grows-by-69-in-q2-2024-fastest-in-five-years-1068329360.html

Ghana's Economy Grows by 6.9% in Q2 2024, Fastest in Five Years

Ghana's Economy Grows by 6.9% in Q2 2024, Fastest in Five Years

Sputnik Africa

Ghana's economy rebounded from the worst economic crisis in a generation, driven by expansion in several key sectors, according to the country's statistics... 18.09.2024, Sputnik Africa

2024-09-18T18:58+0200

2024-09-18T18:58+0200

2024-09-18T18:58+0200

economy

ghana

cocoa

mining

economic growth

debt restructuring

west africa

international

gold

https://cdn1.img.sputniknews.africa/img/07e7/04/14/1058718045_0:104:2000:1229_1920x0_80_0_0_579775906e8264561cd941ca5b17698c.jpg

The country's industrial sector demonstrated 9.3% growth year-on-year, driven by the expansion in mining and quarrying, while the gold sector expanded for the third consecutive quarter, growing 23.6% year-on-year in the quarter. The services sector grew by 5.8% and agriculture by 5.4%. However, the second-world’s leader in cocoa production has suffered a consecutive decline for the fourth quarter in this sector and showed a contraction of 26.2% year-on-year due to disease and bad weather, the agency pointed out.Economic recovery is helping the West African nation restructure its debt. It has invited holders of about $13 billion of its international bonds to swap them for new ones after reaching a preliminary agreement with two groups of bondholders.

https://en.sputniknews.africa/20240903/ghana-reportedly-set-to-raise-price-paid-to-cocoa-farmers-for-upcoming-season-1068130965.html

ghana

west africa

2024

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economy, ghana, cocoa, mining, economic growth, debt restructuring, west africa, international, gold