Skip to content
Markets
Economics

Ghana GDP Grows Faster Than Expected After Schools Reopen

  • Third-quarter GDP expanded 6.6%; analysts expected 3.5%
  • Stats agency revised growth rates for two last quarters upward
A delivery of yams at a food market in Accra, Ghana.
A delivery of yams at a food market in Accra, Ghana.Photographer: Nipah Denis/Bloomberg
Updated on

Ghana’s economy expanded at the fastest pace in more than a year in the third quarter, buoyed by growth in the services industry as schools that were forced to close last year because of the coronavirus pandemic reopened.

Gross domestic product expanded 6.6% in the three months through September from a year earlier, Government Statistician Samuel Kobina Annim told reporters Wednesday in the town of Winneba, about 80 kilometers (50 miles) west of the capital. That compares with a revised expansion of 5.1% in the second quarter and is well above the median estimate of five economists in a Bloomberg survey for growth of 3.5%.