Ghana’s economy continued to expand in 2019, with real GDP growth estimated at 7.1%. High growth momentum since 2017 has consistently placed Ghana among Africa’s 10 fastest-growing economies. Improvements in the macroeconomic environment were accompanied by expansion in domestic demand due to increased private consumption. The industrial sector, with average annual growth exceeding 10%, was a major driver of growth in the three years to 2019. Agriculture will continue to be the second fastest-growing sector in the economy, but a financial sector clean-up that started in 2017 placed a temporary drag on growth of services.
At the end of 2019, the banking sector of Ghana represented a total asset of $ 20.5 billion.
The Ghana Stock Exchange has 43 listed companies, representing, at the end of 2017, a market capitalization of $ 13 billion.