Ghana’s economy finished 2017 on a high note, confirming Ghana’s position as one of the fastest-growing economies in the world. GDP surged 8.1% in annual terms in Q4, bringing full-year growth to 8.5%. The economy appears to have remained buoyant at the beginning of the year, keeping up the momentum that brought full-year GDP growth to a five-year high in 2017. Robust household consumption and healthy investment activity should buoy domestic demand this year, fuelling overall economic activity. Commodity exports, including of oil, gold and cocoa will, however, continue to be the backbone of the economy, and an expected favorable global commodity price outlook and a projected increase in oil production should drive growth this year.
(source Focus Economics)