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    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

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    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

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    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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Services sector still major contributor in Ghana’s economy

bycitibusinessnews
December 29, 2016
in Banking And Finance, Government, Top Stories, Transport
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Provisional figures released by the Ghana Statistical Service shows that the Services sector is still the major contributor in Ghana’s economy.

The  sector recorded the highest growth of 4.7 per cent boosted by transport and storage, information and communication, public administration, defence and social security.

GSS Data
Source:GSS

It was followed by the the industry sector which grew by 3.9 per cent led by the construction sub-sector, electricity and mining and quarrying.

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However, the sub-sectors of manufacturing and water and sewage contracted during the period.

The agriculture sector expanded by 2.3 per cent on the back livestock, crop and cocoa, forestry and logging, which all grew during the period.

The provisional year-on-year 2016 third quarter (Q3) Real Gross Domestic Product (GDP), including Oil, grew by 4.0 per cent compared to 3.5 per cent recorded for 2015 Q3.

–

By: Lawrence Segebfia/citibusinessnews.com/Ghana

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