According to the most recent data from the Ghana Statistical Service (GSS), the cumulative economic growth rate for the third quarter (Q3) of 2024 was 7.2%.
This represents an increase over the 6.9 percent recorded in the first second quarter of 2024.
The GSS issued a statement on Wednesday, December 11, 2024.
The services sector remains the largest in Ghana’s economy, accounting for 42.9 percent of GDP at basic prices.
The industry and agriculture recorded a growth rate of 32.6 and 24.5 percent respectively.
The Industry sector recorded the highest real GDP growth of 10.4 percent year on year followed by the Services sector at 6.4 percent. The Agriculture sector recorded a growth rate of 3.2 percent.
Crops were the most expanded sub-sector in agriculture, while fishing was the most contracted sub-sector.
Crop production increased by 5.9 percent year on year and 1.3 percent quarter on quarter.
The fishing sub-sector had a growth of -21.7 percent year on year and -6.5 percent quarter on quarter.
The mining and quarrying sub-sector also expanded in the Industry sub-sector GDP estimates, while water and sewerage contracted.
The data further showed that Information and Communication expanded the most within the services sector with other personal services activities contract in the third quarter of the year.
By: Rainbowradioonline.com/Ghana
