Ghana’s Economy Contracts For The First Time In 37 Years

Ghana’s economy contracted for the first time in almost four decades in the second quarter, by an annual 3.2%, as coronavirus restrictions stalled activity. The West African nation, a major producer of gold, oil and cocoa, imposed a three-week lockdown in March to halt the spread of the pandemic, forcing many businesses to close, government statistician Samuel Kobina Annim told a news conference.

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