Member of Parliament for Tano North, Dr Gideon Boako has said that the recent Gross Domestic Product (GDP) figures confirm that the rebound in the economy was real.
His comment was after Provisional data from the Ghana Statistical Service indicated that Ghana's economy expanded by 5.7% in 2024, higher than the revised 3.1% growth rate in 2023.
However, growth in the fourth quarter of 2024 slowed to 3.6%, down from 7.2% in the third quarter, reflecting a loss of momentum despite ongoing economic resilience.
The slowdown in Q4 was largely driven by weaker growth in the Industry sector, which expanded by just 0.2%.
