The Ministry of Finance has attributed the 6.9% economic growth recorded in the second quarter of 2024 to macroeconomic stability and growth interventions implemented under the IMF-supported Post-COVID-19 Programme for Economic Growth (PC-PEG).
According to the Ghana Statistical Service, this growth rate marks the fastest pace in five years and is driven by expansions across several key sectors.
In a statement released on September 19, the Finance Ministry emphasized the government’s commitment to restoring and maintaining macroeconomic stability, which is vital for promoting an inclusive growth agenda.
“The latest GDP statistics indicate that the Ghanaian economy is rapidly recovering despite global challenges and ongoing debt restructuring,” the statement noted.
The Ministry further highlighted that the robust recovery directly results from the government’s strategic interventions.
It anticipates that the implementation of various growth initiatives—including the Planting for Food and Jobs Phase 2 Programme, the SME Growth and Opportunity Programme, the 1 District 1 Factory Programme, and the Economic Enclave Programme under the Ghana CARES initiative—will solidify the progress made in economic recovery and enhance the living conditions of the Ghanaian populace.
Below is the full statement:
