Ghana’s economy estimated at GH¢1.17trn in 2024 – GSS
The size of Ghana’s economy stood at about US$76.37 billion in 2024, approximately GH¢1.17 trillion. According to provisional data from the Ghana Statistical Service, this constituted GH¢1.098 trillion of oil Gross Domestic Product and GH¢ 77.80 billion of net indirect taxes.
The Services sector constituted the largest share of the economy with a size of GH¢515.85 billion. It was followed by Industry (GH¢ 338.8 billion) and Agriculture (GH¢243.74 billion).
Meanwhile, the Ghanaian economy grew at a rate 5.7% in 2024, higher than the revised 3.1% growth rate in 2023.
According to provisional data from the Ghana Statistical Service, this constituted GH¢1.098 trillion of oil Gross Domestic Product and GH¢ 77.80 billion of net indirect taxes.
The Services sector constituted the largest share of the economy with a size of GH¢515.85 billion. It was followed by Industry (GH¢ 338.8 billion) and Agriculture (GH¢243.74 billion).
Meanwhile, the Ghanaian economy grew at a rate 5.7% in 2024, higher than the revised 3.1% growth rate in 2023.
The Agriculture sector recorded growth rate of 2.8%.
Livestock registered the highest growth rate of 3.5%, whilst crops recorded a grpwth rate of 3.2%. On the other hand, cocoa contracted heavily by 22.4%
