Government officials have told local media that the economy will grow 40% more than previously estimated when it releases its economic in September. Ghana’s $47 billion economy ranks eleventh in Africa after Tanzania, according to IMF estimates for 2017. A 30% expansion will move it up one spot. The statistics office plans to also release second quarter Gross Domestic Product growth in September. The economy expanded 6.8% in the first three months, it said in June. The economy of the cocoa and gold producer expanded by 60 percent in 2010 when the country revised (rebased) the way it viewed its national GDP, leaping into middle-income status.
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