\n
By Jibril Abdul Mumuni\u00a0\u00a0<\/p>\n
Accra, Oct. 17, GNA \u2013 The Ghana Statistical Service (GSS) has released its most recent quarterly report on the index of industrial performance (IIP), which shows a mix of positive and negative developments across sectors. \u00a0
\u00a0
According to the report detailing the performance of the various sub-sectors, the overall industrial index performance for the second quarter of 2024 increased by 8.2 percent over the previous year, driven by excellent performances in the manufacturing, mining, and quarry sub-sectors.\u00a0<\/p>\n
The Index of Industrial Production (IIP) measures changes over time in production volumes for the industry sector.\u00a0\u00a0<\/p>\n
Annual and quarterly changes in the IIP levels measure the growth in production within the industry sector and its sub-sectors over the respective periods.\u00a0<\/p>\n
The mining and quarrying sub-sector experienced the highest growth rate of 9.2 percent as compared to the second quarter of the previous year.\u00a0<\/p>\n
The quarter-on-quarter change in the performances for these mining and quarrying sub-sectors is 0.3 percent.\u00a0<\/p>\n
Thus, on average, production in the mining and quarrying sub-sectors grew by 0.3 percent in the second quarter of 2024 compared to the first quarter.\u00a0<\/p>\n
The year-on-year change in the IIP for manufacturing is 8.3 percent; thus, production levels in the manufacturing sub-sector, on average, grew by 8.3 percent in the second quarter of 2024 compared to the same period in the previous year.\u00a0<\/p>\n
The manufacture of other transport equipment recorded the highest growth of 20.9 percent, while the production of coke and refined petroleum products declined by 1.8 percent.\u00a0<\/p>\n
The year-on-year change in the IIP for the Water Supply, Sewage, and Waste Management subsector is 1.2 percent; thus, production in the Water Supply, Sewage, and Waste Management subsector, on average, grew by 1.2 percent in the second quarter of 2024 as compared to the same period in 2023.\u00a0<\/p>\n
The quarter-on-quarter change in the IIP for the water supply, sewage, and waste management sub-sector is 2.8 percent; thus, relative to the first quarter of 2024, the IIP in this sub-sector increased by 2.8 percent in the second quarter.\u00a0<\/p>\n
However, the year-on-year change in the IIP for electricity and gas is -1.4%, the lowest among all the subsectors.\u00a0<\/p>\n
Thus, production for this sub-sector declined by 1.4 percent in the second quarter of 2024 compared to the second quarter of 2023.\u202f\u00a0<\/p>\n
The quarter-on-quarter change in the IIP for this sector is -4.3 percent, implying that average production in the electricity and gas sub-sector fell by 4.3 percent in the second quarter of 20204 compared to the first quarter.\u00a0<\/p>\n
\u202fGNA\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
By Jibril Abdul Mumuni\u00a0\u00a0 Accra, Oct. 17, GNA \u2013 The Ghana Statistical Service (GSS) has released its most recent quarterly report on the index of industrial performance (IIP), which shows a mix of positive and negative developments across sectors. \u00a0\u00a0According to the report detailing the performance of the various sub-sectors, the overall industrial index performance […]<\/p>\n","protected":false},"author":1,"featured_media":234450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-234449","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n
Ghana\u2019s Industrial sector sees mixed performances in second quarter\u00a0 - 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\/10\/17\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s Industrial sector sees mixed performances in second quarter\u00a0 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"By Jibril Abdul Mumuni\u00a0\u00a0 Accra, Oct. 17, GNA \u2013 The Ghana Statistical Service (GSS) has released its most recent quarterly report on the index of industrial performance (IIP), which shows a mix of positive and negative developments across sectors. \u00a0\u00a0According to the report detailing the performance of the various sub-sectors, the overall industrial index performance […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/10\/17\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-17T19:46:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/Ghana-Pharmaceutical-Industry-Factory-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"818\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Ghana\u2019s Industrial sector sees mixed performances in second quarter\u00a0\",\"datePublished\":\"2024-10-17T19:46:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/\"},\"wordCount\":401,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Ghana-Pharmaceutical-Industry-Factory-.jpg\",\"articleSection\":[\"Top News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/17\\\/ghanas-industrial-sector-sees-mixed-performances-in-second-quarter\\\/\",\"name\":\"Ghana\u2019s Industrial sector sees mixed performances in second quarter\u00a0 - 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