Gross Domestic Product (GDP) in Ghana has recorded a commendable 6.7% growth in the first quarter of 2019 in comparison to last year’s 5.4%.
Ghana Statistical Service reported that non-oil growth remain 6% and industrial sector growth stood at 8.4%. Information Communication and Technology contributed well in increasing the GDP as it increased from 16% to 37% this year. In the agriculture area, the livestock growth rate saw a 5.5% increase. Forestry and logging fields contribution recorded lowest -5.8 %. Crops production grew 2.4% in comparison to last year’s 0.6% in the first quarter.
Mining & Quarrying zones growth rate remain 20.9%, Services sector 7.2%, and construction sub-sector growth contracted to -8.7% and Finance & Insurance field decline to 2.1%. Earlier World Bank estimated 6.7% economic growth in Ghana and about the dissipation of oil production.
Read More: Ghana Business News
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