Economics
Ghana’s Economy Is Now 25% Bigger After Data Overhaul
- GDP at current prices $52.5 billion in 2017 after revision
- West African economy expanded 8.1% last year, new data shows
Accra, Ghana.
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Ghana’s economy is almost a quarter bigger than previously estimated after the West African nation’s statistical agency changed its base for measuring gross domestic product.
The country’s GDP at current prices measured 257 billion cedis ($52.5 billion) in 2017, Baah Wadieh, acting government statistician at the Ghana Statistical Services, told reporters Friday in the capital, Accra. That’s 25 percent bigger than the previous estimate of 206 billion cedis.