Ghana GDP Contracts For a Second Quarter as Industry Stalls
- Economy declined 1.1% in third quarter after virus-related dip
- Industry shrank 5.1% in the third quarter from a year earlier
Ghana is struggling to rebound from the impact of a virus-related slump.
Photographer: Cristina Aldehuela/BloombergThis article is for subscribers only.
Ghana’s economy contracted for a second straight quarter in the three months through September, even as the government eased restrictions imposed to curb the spread of the coronavirus pandemic.
Gross domestic product declined 1.1% in the third quarter from a year earlier, government statistician Samuel Kobina Annim told reporters Wednesday in the capital, Accra. That compares with a contraction of 3.2% in the second quarter.