Ghana’s Gross Domestic Product (GDP) for the first quarter of 2019 grew by 6.7% compared to 5.4% recorded for the first quarter of 2018.
According to the Ghana Statistical Service (GSS), the Information & Communication sub-sector recorded the highest year-on-year quarterly GDP growth rate of 37.0% while the Finance & Insurance sub-sector recorded the lowest growth of 2.1%.
Sectoral growth for Q1 of 2019
In the Agriculture sector, the livestock sub-sector recorded the highest year-on-year growth rate of 5.5 % while the Forestry and logging sub-sector recorded the lowest, with a contraction (-5.8 %).
The crops sub-sector grew by 2.4% in the 1st quarter of 2019, compared to 0.6% in the 1st quarter of 2018.
The fishing sub-sector recorded a growth of rate of -1.5 per cent within the Agriculture sector.
The year-on-year quarterly GDP growth rate for the Industry sector is 8.4% for 2019Q1.
The Mining & Quarrying sub-sector recorded the highest year-on-year quarterly GDP growth rate of 20.9% for 2019Q1, while the construction sub-sector recorded the lowest, with a contraction (-8.7%).
For the first quarter of 2019, the Services sector recorded a year-on-year quarterly GDP growth rate of 7.2%.
The Information & Communication sub-sector recorded the highest year-on-year quarterly GDP growth rate of 37.0% while the Finance & Insurance sub-sector recorded the lowest growth of 2.1%.
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