Ghana’s economy grew by 6.9% in the second quarter of 2024, according to provisional figures released by the Ghana Statistical Service (GSS). This marks an increase compared to the first quarter's growth of 4.7%.

The Services sector continued to lead as the largest contributor to the country’s growth in Q2 2024, accounting for 44.2%. The Industry sector followed with a 32.2% contribution, while the Agriculture sector contributed 23.6%.

Within the Services sector, the Information and Communication subsector expanded the most, recording a year-on-year growth of 12.8%, and a quarter-on-quarter growth of 2.9%.

In the Industry sector, the Mining and Quarrying subsector experienced significant growth, expanding by 14.8% year-on-year and 3.8% quarter-on-quarter.

The Agriculture sector saw notable growth in the crops subsector, which expanded by 6.4%.

Despite the overall economic expansion, some subsectors faced contractions. The Forestry and Logging subsector recorded a growth of -5.2%, while Water Supply, Sewerage, Waste Management, and Remediation activities contracted by -9.6%. In the Services sector, Personal Services activities also saw a decline of -3.1%.