Ghana’s Economy Grows Slowly in the Third Quarter.

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According to preliminary data from the Ghana Statistical Service (GSS), the economy grew 2. 9% less slowly between July and September this year than it did during the same time last year.

The data showed that when compared to the same period in 2020, the growth in the real value of goods and services as determined by the Gross Domestic Product (GDP) was 6. 5% in the same period last year.

The government statistician reported that the agricultural sector saw the highest growth, at 4.6%, followed by the services sector, at 3.9%, and the industrial sector, at 0.9%.

crop sector: Prof. Annin pointed out that in the third quarter, the agricultural sector grew by 1%.  “In the services sector, the information and communications sub-sector expanded by 4.0 per cent in the third quarter of 2022, compared to a growth of 2.6 per cent in the second quarter of the year.

Marginal decline: Prof. Annim noted that public administration, defence and social security recorded a marginal decline in growth from two per cent in the second quarter of 2022 to 1.2 per cent in the third quarter of this year.


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