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    Home»Business»Ghana’s economy estimated at GH¢1.17trn in 2024 – GSS
    Business

    Ghana’s economy estimated at GH¢1.17trn in 2024 – GSS

    ZamZam UpdateBy ZamZam UpdateMarch 10, 2025No Comments2 Mins Read
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    Dr. Cassiel Ato Forson, Finance Minister

    The scale of Ghana’s economic system stood at about US$76.37 billion in 2024, roughly GH¢1.17 trillion.

    In accordance with provisional knowledge from the Ghana Statistical Service, this constituted GH¢1.098 trillion of oil Gross Home Product and GH¢ 77.80 billion of internet oblique taxes.

    The Companies sector constituted the biggest share of the economic system with a dimension of GH¢515.85 billion. It was adopted by Trade (GH¢ 338.8 billion) and Agriculture (GH¢243.74 billion).

    In the meantime, the Ghanaian economic system grew at a price 5.7% in 2024, greater than the revised 3.1% development price in 2023.

    Trade recorded the best development price of seven.1%.

    Development and the Mining and Quarrying sub-sectors recorded the best development charges of 9.6% and 9.4% respectively. The Manufacturing sub-sector expanded by 3.9%.

    However, the Companies sector recorded a development price of 5.9% year-on-year.

    The Data and Communication sub-sector recorded the best development price of 15.8%. It was adopted by the Monetary and Insurance coverage Actions (7.6%).

    Different Private Companies Actions was the one sub-sector that contracted.

    The Agriculture sector recorded development price of two.8%.

    Livestock registered the best development price of three.5%, while crops recorded a grpwth price of three.2%.

    However, cocoa contracted closely by 22.4%

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