<\/p>\n
Prof. Samuel K. Annim <\/strong><\/p>\n \u00a0<\/p>\n THE COUNTRY recorded an increase in its Gross Domestic Product (GDP) for the third quarter of 2022 recording a growth rate of 2.9 per cent compared to the same period in 2021.<\/p>\n This includes the oil and gas industry.<\/p>\n The GDP growth rate, without oil and gas (Non-Oil GDP) for third quarter of 2022, was 3.6 per cent which compared to the same period in 2021 with a growth rate of 8.2 per cent.<\/p>\n According to the Ghana Statistical Service (GSS), the country\u2019s real GDP, however, increased by 0.7 per cent in quarter three of 2022 representing a 0.3 percentage points lower than what was recorded in quarter two of 2022.<\/p>\n Government Statistician, Professor Samuel K. Annim who released the quarterly GDP at a press meeting said mining & quarrying, information &communication, education, crops, and fishing sub-sectors were the main drivers of GDP growth for the third quarter of 2022.<\/p>\n He further explained that the main sub-sectors with more than 10 percentage expansion in quarter three of 2022 were information & communication with 18.4 per cent, mining & quarrying with 14.9 per cent and education with 10.2 per cent.<\/p>\n For the year-on-year growth, the government statistician said agriculture lead the growth with 4.6 per cent followed by the services sector with3.9 per cent and industry with 0.9 per cent.<\/p>\n Gross Domestic Product (GDP) growth is the main indicator of economic performance.<\/p>\n Prof Annim said the service said the release contains independently compiled quarterly estimates of the Gross Domestic Product (GDP for the 3rd quarter of 2024 using the production approach.<\/p>\n \u201cThe estimates are based on the 2008 System of National Accounts (SNA), the International Standard Industrial Classification (Rev.4) published by the United Nations, and the Quarterly National Accounts Manual: Concepts, Data Sources and Compilation prepared by the International Monetary Fund (IMF),\u201d he said.<\/p>\n This means that the methodology, concepts, and classifications are in accordance with the guidelines and recommendations of an internationally agreed system of national accounts.<\/p>\n BY Jamila Akweley Okertchiri<\/strong><\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" Prof. Samuel K. Annim \u00a0 THE COUNTRY recorded an increase in its Gross Domestic Product (GDP) for the third quarter of 2022 recording a growth rate of 2.9 per cent compared to the same period in 2021. This includes the oil and gas industry. The GDP growth rate, without oil and gas (Non-Oil GDP) for […]<\/p>\n","protected":false},"author":1,"featured_media":1131943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1984,85,243,356],"class_list":["post-1269104","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-gdp","tag-growth","tag-records"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1269104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1269104"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1269104\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1269104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1269104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1269104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}