Ghana’s economic growth in the first half of 2024 has surpassed levels seen before the COVID-19 pandemic, according to Finance Minister Dr. Mohammed Amin Adam. He noted that the country recorded a growth rate of 5.8%, which is higher than the growth recorded in the same period five years ago.
Speaking at the Second Quarterly Economic Roundtable (QER) in Accra, Dr. Adam highlighted that industry and agriculture were key contributors to this growth, especially in the second quarter, where the economy grew by 6.9%.
The QER, organized by the Ministry of Finance in partnership with the Institute of Statistical, Social and Economic Research (ISSER), focuses on promoting policy through research. This year’s edition is centered on “Driving Economic Growth Through Small and Medium Enterprises (SMEs).”
The Finance Minister acknowledged that while current growth is strong, future growth is not guaranteed without addressing certain risks.
He emphasized the need for stronger partnerships, particularly with SMEs, which are critical to the nation’s economic progress. “Managing these risks require us to reconsider policies and reinforce strong partnerships with stakeholders, especially with the SME sector,” Dr. Adam said.
The event saw participation from key figures, including the Vice-Chancellor of the University of Ghana, Professor Nana Aba Appiah Amfo, and other notable economists and business leaders.
