Ghana GDP Growth at Near 3-Year High of 9%


Ghana´s economy advanced 9 percent year-on-year in the second quarter of 2017, above a 6.6 percent rise in the previous period. It is the highest growth rate since the third quarter of 2014, mainly boosted by a 188 percent jump in the oil and gas sector. On a quarterly basis, the economy expanded 2 percent.

The industrial sector went up 19.3 percent, following an 11.6 percent rise in the previous period. Mining jumped 75 percent (33.1 percent in Q1) and manufacturing rose 6.6 percent (5.9 percent in Q1) while construction went up at a slower 0.8 percent (2.9 percent in Q1). 

The services sector increased 5.6 percent, also higher than 3.4 percent in the previous period.

Agriculture slowed (3.4 percent compared to 7.7 percent in Q1), mainly due to a 17.6 percent drop in fishing (+13.6 percent in Q1). 

GDP growth for 2016 was revised higher to 3.7 percent from an earlier estimate of 3.5 percent. 

 Ghana GDP Growth at Near 3-Year High of 9%


Ghana Statistical Service | Joana Taborda | joana.taborda@tradingeconomics.com
9/27/2017 5:52:35 PM