{"id":133417,"date":"2023-12-20T16:28:41","date_gmt":"2023-12-20T16:28:41","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/20\/ghanas-economy-records-2-0-expansion-in-third-quarter-of-2023\/"},"modified":"2023-12-20T16:28:41","modified_gmt":"2023-12-20T16:28:41","slug":"ghanas-economy-records-2-0-expansion-in-third-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/20\/ghanas-economy-records-2-0-expansion-in-third-quarter-of-2023\/","title":{"rendered":"Ghana\u2019s economy records 2.0% expansion in third quarter of 2023 \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Recent provisional estimates from the Ghana Statistical Service indicate that there has been an expansion of the economy by 2.0% in the third quarter of 2023.<\/p>\n<p>This expansion is lower than the 2022 average Gross Domestic Product (GDP) growth rate of 5% and 2.7%, recorded pre-pandemic.<\/p>\n<p>The Agricultural and Services sectors also expanded by 5.9% and 2.0% respectively according to the Ghana Statistical Service. However, the Industry contracted by 4.3%.<\/p>\n<p>All sectors in Agriculture except Forestry and Logging expanded by 6.9%, with the Crops sector registering the highest growth rate of 7.0%.<\/p>\n<p>All the 10 sub-sectors in the Services sector expanded.<\/p>\n<p>With a GDP growth rate of 17.3%, the Information and Communication sub-sector was the highest, this was followed by Accommodation and Food Services Activities which recorded a GDP growth rate of 11.2%.<\/p>\n<p>Additionally, the Industry sub-sectors recorded -8.3% in Construction, -8.1% in Minning and Stone Quarrying, -1.8% in Electricity, and 2.1% in Manufacturing.<\/p>\n<p>With a share of 42.1%, the Services sector remains the biggest, considering the size of the economy. They are followed by Industry and Agriculture with shares of 33.0 and 24.9% respectively.<\/p>\n<p>The nominal Gross Domestic Product estimate at current prices in quarter 3, 2023 was estimated at GH\u00a2212.36 billion.<\/p>\n<p>SS\/MA<\/p>\n<p><strong>Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recent provisional estimates from the Ghana Statistical Service indicate that there has been an expansion of the economy by 2.0% in the third quarter of 2023. This expansion is lower than the 2022 average Gross Domestic Product (GDP) growth rate of 5% and 2.7%, recorded pre-pandemic. The Agricultural and Services sectors also expanded by 5.9% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":128040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-133417","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana\u2019s economy records 2.0% expansion in third quarter of 2023 \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/20\/ghanas-economy-records-2-0-expansion-in-third-quarter-of-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s economy records 2.0% expansion in third quarter of 2023 \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Recent provisional estimates from the Ghana Statistical Service indicate that there has been an expansion of the economy by 2.0% in the third quarter of 2023. 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