ACCRA (Reuters) -Ghana's economy grew 3.8% year-on-year in the fourth quarter of 2023, the country's statistics agency said on Wednesday, compared to the 2.0% growth rate previously announced for the third quarter.
The West African country is starting to recover from its worst economic crisis in a generation, brought on by spiralling public debt.
After defaulting on most of its overseas debt in 2022, Ghana in January reached a deal to restructure $5.4 billion of loans with its official creditors. It is now pushing for a deal with holders of about $13 billion in international bonds.
(Reporting by Christian Akorlie and Maxwell Akalaare Adombila; Writing by Nellie Peyton; Editing by Bate Felix)
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