Indicators

Cocoa, Gold Rebound Drives Ghana’s Economic Growth Surge

Ghana is the world’s second-biggest cocoa supplier.

Photographer: Paul Ninson/Bloomberg

Ghana’s economy expanded at the fastest pace since the third quarter of last year after its gold and cocoa industries exited contractions.

Gross domestic product grew an annual 5.3% in the three months through March, compared with 3.6% in the prior quarter, Government Statistician Alhassan Iddrisu told reporters in the capital, Accra, on Wednesday.