{"id":54668,"date":"2023-04-05T13:44:18","date_gmt":"2023-04-05T13:44:18","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/05\/service-sector-of-ghanas-economy-is-actually-not-quality-service-economist\/"},"modified":"2023-04-05T13:44:18","modified_gmt":"2023-04-05T13:44:18","slug":"service-sector-of-ghanas-economy-is-actually-not-quality-service-economist","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/05\/service-sector-of-ghanas-economy-is-actually-not-quality-service-economist\/","title":{"rendered":"Service sector of Ghana&#8217;s economy is actually not quality service &#8211; Economist"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"591\" height=\"328\"  alt=\"\" title=\"bokpin\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/bokpin.png\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"591\" height=\"328\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/bokpin.png\"   alt=\"\" title=\"bokpin\"\/><\/noscript><\/div>\n<p><strong>A professor at the University of Ghana Business School, Godfred Bokpin has said that the service sector of Ghana\u2019s economy is characterized by imports.<\/strong><\/p>\n<p>This makes the quality in the sector lacking, he said.<\/p>\n<p>Speaking at the 3Business Economic Sustainability Summit held in Accra on Tuesday, April 4, Prof Bokpin said\u00a0\u00a0\u201cThe answer is no. Typically, if you look at the economic transformation when a country begins from agriculture and suddenly service is leading it tells you that that economy is matured so it has gone through that process but in the case of Ghana we started off agriculture being the leading contributor to the GDP and then we skipped industry, that is what the data is telling us and then we jumped straight to service.<\/p>\n<p>\u201cThat service sector is actually not quality service, it is the sector that is driven by retail and wholesale, largely import.<\/p>\n<p>\u201cOnce your service sector is leading particularly in the area of retail and wholesale, once your industry isn\u2019t doing well then it means the bulk of what is happening is going to be imported, typically once you import, you are important unemployment.\u201d<\/p>\n<p>He further indicated that \u201cGhana, from independence, was known for agriculture but today Ghana is not known for agriculture. Ghana is known for service but the question is, is Ghana really a service-based economy?<\/p>\n<p><iframe loading=\"lazy\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/facebook-minimal.jpg\" data-category=\"marketing\" data-service=\"facebook\" class=\"cmplz-placeholder-element cmplz-iframe cmplz-iframe-styles cmplz-no-video \" data-cmplz-target=\"src\" data-src-cmplz=\"https:\/\/www.facebook.com\/plugins\/video.php?height=314&amp;href=https%3A%2F%2Fweb.facebook.com%2FTV3GH%2Fvideos%2F901309570978749%2F&amp;show_text=false&amp;width=560&amp;t=0\" style=\"border: none; overflow: hidden;\" src=\"https:\/\/3news.com\/service-sector-of-ghanas-economy-is-actually-not-quality-service-economist\/about:blank\" width=\"560\" height=\"314\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A professor at the University of Ghana Business School, Godfred Bokpin has said that the service sector of Ghana\u2019s economy is characterized by imports. This makes the quality in the sector lacking, he said. Speaking at the 3Business Economic Sustainability Summit held in Accra on Tuesday, April 4, Prof Bokpin said\u00a0\u00a0\u201cThe answer is no. Typically, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-54668","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>Service sector of Ghana&#039;s economy is actually not quality service - Economist - 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\/04\/05\/service-sector-of-ghanas-economy-is-actually-not-quality-service-economist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Service sector of Ghana&#039;s economy is actually not quality service - Economist - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"A professor at the University of Ghana Business School, Godfred Bokpin has said that the service sector of Ghana\u2019s economy is characterized by imports. 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