The economy of Ghana advanced 6.7 percent year-on-year in the first quarter of 2019, following a 6.8 percent growth in the previous period, mainly boosted by services and the industrial sector. On a quarterly basis, the GDP grew 1.6 percent compared to 1.7 percent in the fourth quarter of 2018. GDP Annual Growth Rate in Ghana averaged 6.68 percent from 2000 until 2019, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -1.60 percent in the third quarter of 2015.
GDP Annual Growth Rate in Ghana is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ghana to stand at 8.00 in 12 months time. In the long-term, the Ghana GDP Annual Growth Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.