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Ghana’s GDP growth for 2017 hits 8.5 percent

Ghana GDP
Ghana’s Gross Domestic Product (GDP) provisional growth for 2017 hits 8.5 percent, according to figures from the Ghana Statistical Services (GSS).

This is a sharp increase in growth compared to the about 3.5 percent recorded in 2016.

According to the GSS, the growth was fuelled by the significant growth of the industrial sector, which went up by 17.5 percent.

Acting Government Statistician Baah Wadieh said the growth was also as a result of strong performance of the oil and gas sector.

The year-on-year annual GDP growth rate for the Industry sector recorded 16.7% for 2017 while the Mining and Quarrying sub-sector recorded the highest year-on-year annual GDP growth rate of 46.7% for 2017.

The manufacturing sub-sector also recorded the lowest growth rate of 3.7%. while the growth rate in the agriculture sector was recorded at 8.4%.

The services sector also recorded a growth rate of 4.3% for 2017.

Source: AdomOnline

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