Ghana’s GDP grows at 4.2% in 2014 due to energy constraints

Ghana’s GDP growth rate for 2014 was 4.2 percent according to the Bank of Ghana, citing the latest data of the Ghana Statistical Service.

In a press statement issued in Accra Wednesday February 18, 2015, the central bank indicates that real GDP growth rate for 2014 was 4.2 percent, compared to 7.3 percent recorded in 2013.

“The deceleration in economic activity during 2014 was broadly attributed to energy supply constraints and rising input costs,” the Bank says.

At its Monetary Policy Committee press conference in Accra, the Bank maintained the policy rate at 21 percent.

By Emmanuel K. Dogbevi