Weak performance in agric sector downs Ghana’s economic growth by 5.1%

By
-
0
90
By Gabriel Enogholase BENIN – A suit brought against the Chief of Army Staff, Inspector-General of Police and Major Malife Akpogun by 41 members of Otuo Neigbourhood Watch, Otuo in Owan East local government area of Edo State seeking to enforce their fundamental human rights has suffered a setback. It would be recalled that the 41 members of the group were arrested at Otuo during the April 2011 general elections for alleged electoral malpractice and were taken to Abuja on the order of the police authorities before they were granted bail on the order of the court. When the case came up for mentioning  Wednesday  in Benin, Counsel to the Army Chief of Staff and Major Akpogun,Gen.

You Are Here: Home » General News, Second Lead » Weak performance in agric sector downs Ghana’s economic growth by 5.1%

Page last updated at Wednesday, June 22, 2011 16:16 PM //

Ghana’s real Gross Domestic Product (GDP) grew by a -5.1% in the first quarter of 2011 over the fourth quarter of 2010, the Government Statistician, Dr Grace Bediako has announced in Accra today June 22, 2011.

The agric sector grew by -35.7%, she said.

The revised 2010 GDP for Ghana was therefore, estimated at 7.7%.

Dr Bediako told reporters that the decline was due to less performance in the agriculture sector “associated with the sector’s strong seasonal production.”

But she explained that the fall was “Characteristic of the first and second quarters of each year.”

2011 First Quarter GDP Growth

According to the data for the quarter, all the sub-sectors of agriculture had negative growth.

“All sub-sectors had declines in output – crops by -36.5%, livestock -31.7%, forestry and logging by -41.3% and fishing with a growth of -19.5%”, the data indicated.

The industrial sector grew by 21.4% with the service sector recording a growth of 5.3%.

For estimates on year-on-year basis in the first quarter of 2011, the data showed a 23% growth of the country’s GDP over that of the same period in the previous year.

 

By Ekow Quandzie

Comments

See the rest here:
Weak performance in agric sector downs Ghana’s economic growth by 5.1%