12th December 2024 3:59:04 PM
1 min readProvisional data from the Ghana Statistical Service shows that Ghana's economy expanded by 7.2% in the third quarter of 2024.This marks an increase from the 6.9% growth recorded in the second quarter of the same year.The Services sector remains the largest contributor to the economy, accounting for 42.9% of the Gross Domestic Product (GDP) at basic prices.Industry and Agriculture follow, contributing 32.6% and 24.5% to the GDP, respectively.<img
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alt="" />Provisional data from the Ghana Statistical Service indicates that Ghana's economy expanded by 7.2% in the third quarter of 2024.This marks an improvement from the 6.9% growth rate recorded in the second quarter of the year.The Services sector remains the dominant contributor to the economy, accounting for 42.9% of the Gross Domestic Product (GDP) at basic
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prices.Industry and Agriculture follow, with growth rates of 32.6% and 24.5%, respectively.<img src="
alt="" />Crops expanded by 5.9% year-on-year and 1.3% quarter-on-quarter.Meanwhile, the fishing sub-sector contracted by -21.7% year-on-year and 6.5% quarter on quarter.<img src="
alt="" />Mining and
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quarrying sub- sector also expanded in the Industry sub-sector GDP estimates, while water and sewerage contracted.Meanwhile, Information and Communication expanded the most within the services sector with other personal services activities contract in the third quarter of the year.<img src="
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