Ghana’s economy grew by 8.9% in second quarter, president says

The spread of the coronavirus disease (COVID-19), in Accra
FILE PHOTO: Traders sit in front of their shop as Ghana lifts partial lockdown amid the spread of the coronavirus disease (COVID-19) in Accra, Ghana April 20, 2020. REUTERS/Francis Kokoroko

September 15, 2021

DAKAR (Reuters) – Ghana’s economy grew by 8.9% in the second quarter, President Nana Akufo-Addo told an investment conference on Wednesday as the oil-, cocoa-, and gold-producing nation recovers from the impact of the coronavirus pandemic.

“In spite of the ravages of the pandemic, we’re working to grow the economy at a much faster rate this year, our target being a 5% gross domestic product (GDP) growth rate,” Akufo-Addo said.

Ghana’s economy grew by 0.4% in the full year of 2020.

“In the first quarter of this year the economy grew by 3.1%. In the second, at 8.9%,” Akufo-Addo said.

(Reporting by Cooper Inveen; Editing by Bate Felix and Kevin Liffey)