{"id":219077,"date":"2024-09-20T11:51:26","date_gmt":"2024-09-20T11:51:26","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/20\/gss-records-6-9-gdp-growth\/"},"modified":"2024-09-20T11:51:26","modified_gmt":"2024-09-20T11:51:26","slug":"gss-records-6-9-gdp-growth","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/20\/gss-records-6-9-gdp-growth\/","title":{"rendered":"GSS Records 6.9% GDP Growth"},"content":{"rendered":"

<\/p>\n

\n

Prof. Samuel Kobina Annim, <\/strong>Government Statistician<\/strong><\/p>\n

\u00a0<\/p>\n

The Ghana Statistical Service (GSS) has revealed that the country\u2019s economy grew by 6.9% in the second quarter of 2024.<\/p>\n

Figures released by the GSS said seasonally adjusted, the country\u2019s provisional real GDP increased by 1.6% in 2024 Q2 -April to June- compared to Q1 2024; this was 0.4 percentage points higher than what was recorded in Q1 2024 -January to March.<\/p>\n

Compared to the first quarter of 2024, the economy grew at 4.7 percent.<\/p>\n

The Services sector continues to be the largest contributor to the growth in the second quarter of 2024 with 44.2 percent.<\/p>\n

This is followed by the Industry sector with a contribution of 32.2 percent and the Agriculture sector with 23.6 percent.<\/p>\n

The sub-sector, which expanded the most under the Services sector was information and communication, recording 12.8 percent year on year, and by 2.9 percent quarter on quarter.<\/p>\n

Mining and Quarrying subsector expanded by 14.8 percent year and year and 3.8 percent quarter on quarter in quarter two of 2024.<\/p>\n

The agriculture sub-sector saw crops expanding with 6.4 percent.<\/p>\n

However, some subsectors experienced contractions during the period.<\/p>\n

Forestry and Logging subsector had a growth of -5.2 percent, Water supply, sewerage, waste management and Remediation activities also recorded a contraction rate of -9.6 percent.<\/p>\n

Personal services activities under the services sector had a contraction of -3.1 percent<\/p>\n

A Business Desk Report<\/strong><\/p>\n

\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"

Prof. Samuel Kobina Annim, Government Statistician \u00a0 The Ghana Statistical Service (GSS) has revealed that the country\u2019s economy grew by 6.9% in the second quarter of 2024. Figures released by the GSS said seasonally adjusted, the country\u2019s provisional real GDP increased by 1.6% in 2024 Q2 -April to June- compared to Q1 2024; this was […]<\/p>\n","protected":false},"author":1,"featured_media":57507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-219077","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nGSS Records 6.9% GDP Growth - 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\/2024\/09\/20\/gss-records-6-9-gdp-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSS Records 6.9% GDP Growth - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Prof. Samuel Kobina Annim, Government Statistician \u00a0 The Ghana Statistical Service (GSS) has revealed that the country\u2019s economy grew by 6.9% in the second quarter of 2024. 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