Ghana\u2019s economy achieved an impressive growth rate of 7.2 percent in the third quarter of 2024, according to provisional data released by the Ghana Statistical Service.<\/p>\n This reflects an improvement on the 6.9 percent growth recorded in the second quarter of the year.<\/p>\n The Services sector maintained its position as the largest contributor to Ghana\u2019s economy, accounting for 42.9 percent of Gross Domestic Product (GDP) at basic prices.<\/p>\n It was followed by the Industry sector, which contributed 32.6 percent, and the Agriculture sector, at 24.5 percent.<\/p>\n The Industry sector led the way with the highest year-on-year real GDP growth of 10.4 percent, buoyed by strong performance in mining and quarrying activities.<\/p>\n The Services sector recorded a growth rate of 6.4 percent, while the Agriculture sector posted a modest increase of 3.2 percent.<\/p>\n In Agriculture, the crops sub-sector experienced the highest expansion, growing by 5.9 percent year-on-year and 1.3 percent quarter-on-quarter.<\/p>\n In contrast, the fishing sub-sector suffered a significant contraction, shrinking by 21.7 percent year-on-year and 6.5 percent quarter-on-quarter.<\/p>\n Within the Industry sector, mining and quarrying activities demonstrated notable growth, while the water and sewerage sub-sector experienced a decline.<\/p>\n In the Services sector, Information and Communication emerged as the fastest-growing sub-sector, underlining the critical role of technology and connectivity in Ghana\u2019s economic landscape.<\/p>\n However, other personal services activities saw a decline during the period.<\/p>\n Watch as Ghanaians share their emotions on John Mahama’s presidential win<\/b><\/p>\n![\"The](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/550\/55064365.295.jpg\" "\\"The")
The growth is an improvement on the 6.9% growth in Q2<\/span><\/span><\/p>\n<\/div>\n