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

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 agency.
Sputnik
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.
Sub-Saharan Africa
Ghana Reportedly Set to Raise Price Paid to Cocoa Farmers for Upcoming Season
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.