Ghana’s economy has recorded a growth rate of 6.6% in the first quarter of this year, the highest since 2014.
According to the Ghana Statistical Service, the increased growth rate was due to the inflow of oil from the new TEN Field.
While this may be good news for the new government, economists say the oil sector cannot create the badly needed jobs to employ the majority of the unemployed youth in the country Thomas Naadi of BBC Africa, Accra reports
The Ghanaian economy is largely driven by the service sector, like telecommunications. However in the first quarter of this year, the industrial and agriculture sectors recorded higher growth.
The new government inherited a struggling economy and many are watching to see if the policies it is currently pursuing have a positive effect or not.
