The Ghana Statistical Service (GSS) has announced that Ghana’s economy grew by 4.2 per cent in 2014.

The GSS said economic growth accelerated from a revised 1 percent in the second quarter.

According to the service, growth slowed in 2013 to a revised 7.3 percent and the government forecasts growth will ease to 3.9 percent in 2015.

“The data reflects a slowdown in the economy, partly due to the recalculation of the net indirect taxes. It also points to some economic challenges which the nation must address,” deputy government statistician, Baah Wadieh, told a news conference in Accra Wednesday.