Minority hails Ghana’s 5.7% GDP growth, calls it a historic milestone

The Minority in Parliament has commended the Ghana Statistical Service for reporting a 5.7% real GDP growth rate for 2024, the highest in five years. Former Finance Minister Dr. Mohammed Amin Adam highlighted that this exceeded both the original 3.1% target and the revised 4% projection.

He attributed the growth to a strong industrial sector, which expanded by 7.1%, followed by services at 5.9% and agriculture at 2.8%. Dr. Adam asserted that this marks a phase of structural transformation under the NPP government.

He also defended the previous administration’s economic performance, citing a debt-to-GDP ratio of 61.8% in 2024 as evidence of sound debt management. He dismissed allegations of fiscal data manipulation, insisting the economy was left in good health for the incoming NDC government.