Ghana’s GDP grew 3.8% in Q4 2023, up from 2.2% in Q3, marking its quickest expansion in a year, despite a challenging annual performance with only a 2.9% growth in 2023, down from 3.8% in 2022, driven by the industrial sector’s recovery with a 1.6% growth and accelerated expansions in agriculture (4.5%) and services (5.1%) sectors. However, the full-year economic strain was influenced by austerity measures from a USD 3 bln IMF bailout, high inflation averaging 40%, and elevated interest rates peaking at 30%.