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Ghana’s Economic Rebound On Course Despite Covid-19: Senior Official

GHANA’S economic rebound is on course despite global challenges brought by the Covid-19 pandemic, as stimulus packages for various sectors were beginning to yield positive results, Minister of State of the Ghanaian Finance Ministry Charles Adu-Boahen said Monday.

‘Our Gross Domestic Product (GDP) growth rate continues to be robust despite the challenges. For the third quarter of 2021, GDP growth stood at 6.6 percent,’ said the minister.

The average growth rate of about 5.2 percent over the first three quarters of 2021 had exceeded the projected growth rate, indicating a strong rebound in growth, he said.

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GDP growth outcomes for the medium term from 2021 to 2025 are also expected to rebound strongly for all sectors, he added.

Ghana recorded a low economic growth of 0.4 percent in 2020 due to the impact of the COVID-19 pandemic.

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