Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The size of Ghana’s economy stood at about US$76.37 billion in 2024, approximately GH¢1.17 trillion.
According to provisional data from the Ghana Statistical Service, this constituted GH¢1.098 trillion of oil Gross Domestic Product and GH¢ 77.80 billion of net indirect taxes.
The servicess sector constituted the largest share of the economy with a size of GH¢515.85 billion.
It was followed by Industry (GH¢ 338.8 billion) and Agriculture (GH¢243.74 billion). Meanwhile, the Ghanaian economy grew at a rate 5.7% in 2024, higher than the revised 3.1% growth rate in 2023.
Industry recorded the highest growth rate of 7.1%. Construction and the Mining and Quarrying sub-sectors recorded the highest growth rates of 9.6% and 9.4% respectively.
The Manufacturing sub-sector expanded by 3.9%.
Source: newsthemegh.com