Ghana GDP Growth Expands the Most Since 2014


Ghana´s economy advanced 9.3 percent year-on-year in the third quarter of 2017, above a 9.0 percent rise in the previous period. It is the highest growth rate since the third quarter of 2014, mainly boosted by a 72.2 percent jump in the oil and gas sector. On a quarterly basis, the economy expanded 2.5 percent.

The services sector increased 5.7 percent, higher than 5.6 percent in the previous period, mainly due to transport (2.0 percent compared to 1.9 percent in Q2) ; real estate, professional, administrative and other (7.0 percent compared to 4.9 percent), education (8.4 percent compared to 6.6 percent) and health (12.6 percent compared to 10.1 percent).

Agriculture rose 10.0 percent compared to 3.4 percent in Q2, mainly due to a 57.0 percent gain in fishing (-17.6 percent in Q2). 

The industrial sector went up 16.6 percent, easing from a 19.3 percent rise in the previous period. Growth advanced at a softer pace for mining (40.8 percent compared to 75.0 percent in Q2);  manufacturing (5.2 percent compared to 6.6 percent) while construction rose at faster pace (2.6 percent compared to 0.8 percent). 

Ghana GDP Growth Expands the Most Since 2014


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/21/2017 6:00:19 PM