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Economy grows 6.8% in August • Services account for 69.9% of expansion

Ghana’s economy expanded by 6.8 per cent year-on-year in August 2026, up from 5.3 per cent recorded in the same period last year. The growth was driven largely by the services sector, which contributed 69.9 per cent of the overall expansion, while industry also recorded an improved performance. The Government Statistician, Dr Alhassan Iddrisu, disclosed … The post Economy grows 6.8% in August •…

Economy grows 6.8% in August • Services account for 69.9% of expansion

Dr. Amin Adam, former Finance Minister, has taken the government to task over its "New Economy" slogan before the release of the 2027 Budget. He urges the Finance Minister to first explain the failures of the previous 24-Hour Economy promises. In an open letter, Dr. Adam points out that while the government highlights the "paper economy," the "pocket economy" of ordinary Ghanaians continues to suffer.

A KPMG survey shows that 71% of respondents cite jobs and youth employment as their top priority. Dr. Adam questions the credibility of the proposed US$10 billion New Economy program, the cut in the primary surplus target, and the recent economic reversals. He emphasizes that Ghana lacks sufficient jobs, thriving businesses, and economic freedom, and calls for measurable jobs, productive investment, and rising real incomes before embracing another economic slogan.

Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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