Ghana's Economy Hits 5-Year Growth Peak and What It Means for the Future

Ghana's economy is experiencing a remarkable resurgence, achieving a significant growth rate of 6.9% in the second quarter of 2024, the highest in five years. This surge, surpassing analysts' expectations, reflects a robust performance primarily driven by the extractive sector. In this discussion with economist Xatse Derick, we unpack the implications of this growth, the factors contributing to the resilience of the agricultural sector despite challenges in cocoa, and the government's recent increase in cocoa producer prices. We also delve into the potential impacts of Ghana's debt restructuring, the expectations for the central bank's monetary policy, and what these positive indicators mean for the upcoming elections.

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