Tag: GDP
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Provisional GDP for 2020 1st quarter increases to 92.5 billion cedis
Provisional figures released by the Ghana Statistical Service shows that the country’s first quarter Gross Domestic Product (GDP), that is from January to March at current prices, increased to 92.5 billion cedis. Compared to the same period in 2019, the figure was at 84.8 billion cedis. On sector basis, Services recorded the highest growth rate…
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Jerry Afolabi writes: The COVID-19 effect and Ghana’s economic outlook for 2020
Ghana’s economic outlook is not healthy according to the key economic indicators. The most critical indicators are interest rate, inflation, exchange rate and debt accumulation as a percentage of gross domestic product (GDP) which measures the nation’s production output. The GDP growth rate is expected to fall below the 5% and 6% ideal range for…
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Growth in sub-Saharan Africa to rise to 2.9 percent — World Bank
Growth in sub-Saharan Africa is expected to rise to 2.9 percent in 2020, the World Bank said Tuesday in its January 2020 Global Economic Prospect report. The bank cited improved investor confidence in some large economies, easing of energy hurdles, a rise in oil production, which led to a recovery in oil exporters, as indicators.…
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Ghana records slowest GDP growth in 12 months
Provisional figures released by the Ghana Statistical Service shows that Ghana’s Gross Domestic Product, which is the total value of everything produced in the country grew by 5.6 percent in the third quarter of 2019. This is the slowest growth rate for Ghana’s economy since the second quarter of 2018. The economy grew at 5.4…
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Agric sector’s performamce in Q1 worrying — Prof. Quartey
Economist with the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government to pay more attention to the policies it has adopted for the country’s agricultural sector following a dip in the sector’s contribution to the country’s GDP figures for the first quarter of the year. The Gross Domestic…
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Ghana’s economy records 6.7 percent growth in 2019 first quarter
Provisional figures released by the Ghana Statistical Service (GSS) shows that Ghana’s Gross Domestic Product(GDP) grew by 6.7 percent in the first quarter of 2019. This is compared to the same period in 2018 which was at 5.4 percent. Speaking at a press conference, the Government Statistician, Professor Samuel Kobina Annim pointed out that the…
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Ghana’s economy grows by 6.3% in 2018
Ghana’s economy grew by 6.3 percent in 2018, witnessing a drop in growth when compared to the 8.1 percent recorded in 2017. The total value of all goods and services produced in the country in 2018 also amounted to 154.5 billion cedis. Per figures released by the Ghana Statistical Service, the industry subsector recorded the…
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Ghana’s economy grows by 7.4% in third quarter
Ghana recorded a 7.4 percent economic growth rate ending September 2018. This is according to the third quarter estimates released by the Ghana Statistical Service. The figure represents a decrease compared to the 8.7 percent recorded for the same period last year [2017]. For the third quarter of this year which spans July to September,…
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GDP reaches 5.4% in 2018 second quarter
Provisional figures released by the Ghana Statistical Service show that Ghana’s Gross Domestic Product which is the total value of all goods and services produced within the second quarter of this year, grew by 5.4 percent. This compares with the 11.1 percent recorded for same period last year. For the second quarter of this year,…
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Agric’s contribution to GDP records eighth decline in a row
Despite plans by the current administration to revamp the agricultural sector and make it the leader of Ghana’s economy, the sector has rather seen a decline in its contribution to GDP for yet another time. At least this is according to the 2017 figures released by the Ghana Statistical Service. The percentage of its contribution…