Ghana GDP Expands 2.1% in Q4 2012 Over the Previous Quarter

In the fourth quarter of 2012, Ghana GDP expanded 2.1 percent quarter-on-quarter, pushed by growth in Services and Agriculture.

Seasonally adjusted quarter-on-quarter real GDP grew by 2.1 percent in Q4 2012.

Services and Agriculture sectors recorded growths of 5.5% and 5.3% respectively. Positive growths were recorded especially in Financial and Insurance activities (23.7 percent); Information and Communication (15.8 percent), and Mining and Quarrying (7.5 percent). Declines were recorded especially in Livestock and Fishing activities (34.4 percent and 12.7 percent, respectively).

The Industry sector, however, recorded a decline of 0.1 percent.

Most of the sub-sectors, especially the Services sector, showed no evidence of seasonality. These subsectors include Education, Hotels and Restaurants, and Financial and Insurance activities.

On a year-on-year basis, real GDP increased 6 percent in Q4 2012.

For the full year of 2012, the economy grew by a revised 7.9 percent.

Ghana Statistical Service | Joana Taborda |
4/12/2013 9:13:37 PM