The National Communications Director of the New Patriotic Party (NPP), Richard Ahiagbah, has asserted that the Akufo-Addo administration left behind a much stronger economy than it inherited in 2017.
He argued that the economy inherited from President John Dramani Mahama had a growth rate of 3.4% in 2016, while under President Nana Akufo-Addo, the economy grew by 5.7% in 2024.
In a social media post on Monday, March 10, the NPP spokesperson said the figures clearly indicate which administration better managed the economy.
“Ghana must know…Akufo-Addo’s economy grew 5.7% in 2024. This is far better than H.E. John Mahama’s 3.4% in 2016.
“Following today’s Ghana Statistical Service announcement, Ghana’s debt-to-GDP ratio is 61.8%. This is far better than H.E. John Dramani Mahama’s 73.3% in 2016. It is clear who mishandled Ghana’s economy when they had the chance,” he wrote.
His comments follow the Ghana Statistical Service’s (GSS) announcement that the country’s economy was valued at ₵1.2 trillion in 2024, with an overall growth rate of 5.7%.
At a press conference on Monday, March 10, Government Statistician Samuel Kobina Annim provided details on the country’s economic performance.
“In the last quarter of 2024, the economy, in current GDP terms, was valued at ₵330.1 billion, while in constant terms, adjusted for price changes, it stood at ₵53 billion,” he stated.
He noted that the services sector remained the largest contributor to Ghana’s Gross Domestic Product (GDP), accounting for 49.2% of economic output in the fourth quarter of 2024. The industry sector followed with 31.9%, while agriculture contributed 19.1%.
Mr. Annim also provided yearly GDP estimates for January to December 2024, indicating that Ghana’s economy was valued at ₵190.7 billion in constant terms, reflecting a 5.7% growth over the previous year.
From a non-oil perspective, the economy expanded by 6.0% in 2024, with the services sector accounting for 46% of GDP, followed by industry (30.8%) and agriculture (22.2%).
