Ghana’s economy expanded 5.4 percent year-on-year in the second quarter of 2018, the same pace as in the previous period. It remained the weakest growth rate since the third quarter of 2016, mostly due to a slowdown in the services sector. On a quarterly basis, the gross domestic product grew 1.3 percent. The country rebased its nationals accounts from 2006 prices to 2013. GDP Annual Growth Rate in Ghana averaged 6.66 percent from 2000 until 2018, 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 6.80 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 6.40 in 12 months time. In the long-term, the Ghana GDP Annual Growth Rate is projected to trend around 5.60 percent in 2020, according to our econometric models.