https://en.sputniknews.africa/20241212/ghanas-economy-grew-at-fastest-pace-in-five-years-in-third-quarter-of-2024-statistician-says-1069687289.html
Ghana's Economy Grew at Fastest Pace in Five Years in Third Quarter of 2024, Statistician Says
Ghana's Economy Grew at Fastest Pace in Five Years in Third Quarter of 2024, Statistician Says
Sputnik Africa
According to the government statistics, the growth rate of Ghana's economy in the third quarter of last year was 2.2%. 12.12.2024, Sputnik Africa
2024-12-12T18:21+0100
2024-12-12T18:21+0100
2024-12-13T10:48+0100
sub-saharan africa
ghana
economy
west africa
economic growth
gdp
mining
statistics
finance
https://cdn1.img.sputniknews.africa/img/07e8/0c/0c/1069687394_0:159:3078:1890_1920x0_80_0_0_6da6d01a7d578d2936648e9fb27c6f2e.jpg
Ghana's economy grew at its fastest pace in five years in the third quarter of 2024, Government Statistician at the Ghana Statistical Service Samuel Annim told reporters in the capital, Accra.The mining and quarrying subsector was the major driver for the 7.2% growth rate that Ghana saw in the third quarter of 2024, Annim noted.In addition to mining and quarrying, which grew by 17.1% year-on-year and 4.1% quarter-on-quarter, key sub-sectors driving growth include information and communication, crops, construction and manufacturing, but some sub-sectors, such as fishing, contracted, with a growth rate of -21.7% year-on-year and -6.5% quarter-on-quarter.
https://en.sputniknews.africa/20241012/ghana-receives-credit-rating-boost-from-global-agency-1068653764.html
ghana
west africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
ghana, economy, west africa, economic growth, gdp, mining, statistics, finance
ghana, economy, west africa, economic growth, gdp, mining, statistics, finance
Ghana's Economy Grew at Fastest Pace in Five Years in Third Quarter of 2024, Statistician Says
18:21 12.12.2024 (Updated: 10:48 13.12.2024) According to the government statistics, the growth rate of Ghana's economy in the third quarter of last year was 2.2%.
Ghana's economy grew at its fastest pace in five years in the third quarter of 2024, Government Statistician at the Ghana Statistical Service Samuel Annim told reporters in the capital, Accra.
"For the first three quarters of 2024, Ghana recorded an impressive average real GDP growth rate of 6.3%, a significant leap from the 2.6% recorded during the same period in 2023. This growth was fueled by quarterly expansions of 4.8% in Q1, 7.0% in Q2, and an outstanding 7.2% in Q3—the highest quarterly GDP growth in the last five years," he said.
The mining and quarrying subsector was the major driver for the 7.2% growth rate that Ghana saw in the third quarter of 2024, Annim noted.
In addition to mining and quarrying, which grew by 17.1% year-on-year and 4.1% quarter-on-quarter,
key sub-sectors driving growth include information and communication, crops, construction and manufacturing, but some sub-sectors, such as fishing, contracted, with a growth rate of -21.7% year-on-year and -6.5% quarter-on-quarter.
"This growth rate that we are seeing—its impact on day-to-day activities in terms of how earnings will go up, how employment will change, and all that—will be better felt if this 7.2% is sustained over a longer period of time," the official emphasized.
