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Ghana’s economy grows 5.3% in Q1 2025 on services and gold boost

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© Allen Dreyfus
  • Non-oil GDP climbs 6.8% as cocoa and gold exports rebound sharply
  • Record artisanal gold exports and tripled cocoa revenues lift external position

Accra, Ghana – Ghana’s economy expanded by 5.3% year-on-year in the first quarter of 2025, marking an improvement from the 4.9% recorded in the same period a year earlier. The stronger growth was powered by a sharp rebound in gold and cocoa production, along with continued momentum in the services sector, according to provisional data released Wednesday by the Ghana Statistical Service.

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