Ghana’s record high GDP growth of 14.0% in 2011 (IMF, 2015a) could not be sustained in the subsequent years. For the first time since at least the last half-decade, the country’s growth in 2014 of 4.2% has fallen below the Sub–Saharan African (SSA) average of 5.0% (IMF, 2015a).
Ghana achieved a record high growth of 15% in 2011 (IMF, 2014a), but this could not be sustained in the subsequent years. The country’s growth has, however, been consistently above the average (median)
Although Ghana made phenomenal strides in economic growth, with a record high GDP growth of 14.4% in 2011, it failed to sustain the momentum, thus falling to a lower growth rate than was targeted for the year 2012.