This growth rate is slightly higher than the ones that various institutions predicted.
Without oil, the economy however grew at a rate of 1.3%.
According to the figures, the agriculture, Services sector recorded a growth rate of 7.4% and 1.5% respectively.
The industry sector, however, recorded -3.6%.
For the Agriculture sector, the Fishing sub-sector recorded the highest year-on-year growth rate of 14.4 % while the Forestry and Logging sub-sector recorded the lowest with a contraction of -9.2%.
The Information & Communication sub-sector recorded the highest year-on-year GDP growth rate of 22.5% in the Services sector, while the Hotel & Restaurants Activities sub-sector recorded the lowest with a contraction of 34.8%.
With regard to Industry, the Electricity sub-sector recorded the highest year-on-year annual GDP growth rate of 7.9% for 2020, while the Mining & Quarrying sub-sector recorded the lowest with a contraction of 11.0%.
For the size of the economy, the services sector controlled 44.6% of the economy, whilst industry and agriculture constituted 36.3% and 19.1% respectively.
The size of the economy was also estimated at GH?404.87 billion.
Although most countries did not record impressive growth due to the negative impacts of coronavirus, Ghana did quite well. Read Full Story
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