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Ghanaian GDP Increases 4.1% Year on Year in Q1 2015

Ghana’s growth appears to be back on track after falling 3.8% in same period last year

Wednesday 17th June 2015

Ghana’s GDP increased by 4.1% YoY in Q1 2015 partly due to large growth in the livestock sector. Livestock grew at a rate of 7.4% YoY and services (assisted by cell phone data usage) grew by 4.7%.

According to Reuters, government statistician Philomena Nyarko said “most industries have put in place measures this time around to ease the impact of the power crisis facing the country.”

The IMF is currently supporting Ghana with a package worth $1bn with the aim to help restore stability to the currency.

The Ghanaian PPI slowed to 19% YoY in May.

Read the full article on Reuters here.