Ghana’s Economy Grows at Slowest Pace in Almost a Year

Ghana’s economy expanded at the slowest pace in almost a year in the second quarter as fiscal tightening and high inflation crimped output.

Gross domestic product grew 3.2% in the three months through June from a year earlier, compared with a downwardly revised expansion of 3.3% in the previous quarter, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra, on Wednesday. That was slightly lower than the median of seven economists’ estimates in a Bloomberg survey for expansion of 3.3%.