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Ghana Economic Growth Rate More Than Doubles in 2017 to 8.5%

  • Oil and gas output rose 80.4%, statistics office says
  • GDP expanded 8.1% in the fourth quarter from a year earlier
Pedestrians pass by stalls at Makola market in Accra, Ghana, on Thursday, March 15, 2018. 
Photographer: Nicholas Seun Adatsi/Bloomberg
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Ghana’s economy expanded at the fastest rate in five years in 2017 as oil and gas production surged.

Gross domestic product expanded 8.5 percent last year compared with 3.7 percent in 2016, acting Government Statistician Baah Wadieh told reporters in the capital, Accra, on Wednesday.