Ghana’s economy grew more than forecast in the fourth quarter.
(Bloomberg) — Ghana’s economy grew more than forecast in the fourth quarter.
Gross domestic product expanded 3.7% from a year earlier in the three months through December, compared with upwardly revised growth of 3.1% in the previous quarter, government statistician Samuel Kobina Annim told reporters Wednesday in the capital, Accra.
The median of four economists’ estimates in a Bloomberg survey was for growth of 2.6%. The cedi extended gains, strengthening 0.4% to 11.7705 per dollar by 10:19 a.m. in Accra, while the yield on Ghana’s $1 billion of eurobonds due 2026 fell marginally to 50.9%.
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