The Government Statistician, Prof Samuel Kobina Annim, has said that Ghana’s economy grew by 4.8 per cent, year-on-year in the second quarter of this year driven largely by the manufacturing and crop and cocoa sectors.
Prof Annim told journalists during a news conference on Tuesday in Accra that the provisional real quarterly Gross Domestic Product (GDP) growth rate, including oil and gas showed an increase when compared to the 4. 2 per cent recorded in the same period in 2021.
He explained that without oil and gas (Non-Oil GDP), the growth rate for the period is estimated to be 6.2 per cent as against the growth rate of 6.6 per cent recorded in the second quarter of 2021.
According to him, the real GDP increased by 1.1 per cent in the quarter under review, when adjusted seasonally, indicating a 0.2 percentage point increase from what was recorded in the first quarter of this year.
The report by the Ghanaian Times on Wednesday quoted the Government Statistician as saying that the mining and quarrying, information and communication, and education sub-sectors were also part of the main drivers of the GDP growth recorded in the second quarter.
It added that on GDP sectoral shares, the services sector continued to be the largest sector of the Ghanaian economy in the second quarter of 2022 with a share of 45.8 per cent of GDP at basic prices while the GDP share of industry and agriculture were 32.1 per cent and 22.1 per cent respectively.
According to the report, the five sub-sectors, which contracted in the quarter were professional, administrative and support services activities, -11.0 per cent; real estate, -5.7 per cent; water,-2.7; electricity, -2.2 per cent and forestry and logging, -0.2 per cent.
GIK/APA