Market News
Ghana Economy Downshifts in Fourth Quarter as Cocoa Shrinks - BLOOMBERG
- GDP grew 3.6% in fourth quarter y/y versus 7.2% prior period
- Cocoa contracted 21.4%, shrinking for sixth straight quarter
By Ekow Dontoh
Ghana’s economy grew at the slowest pace in more than a year in the fourth quarter, as industrial activity almost stalled and the cocoa sector shrank again.
Gross domestic product expanded 3.6% in the three months through December from a year earlier, compared with a 7.2% increase in the prior quarter, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra, on Monday.
