Ghana’s economy expands by 6.9% in Q2 of 2024
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Ghana’s economy grew by 6.9% in the second quarter of 2024, provisional figures released by the Ghana Statistical Service (GSS) has revealed. Compared to the first quarter of 2024, the economy grew at 4.7%..
The Services sector continues to be the largest contributor to the growth in the second quarter of 2024 with 44.2%.
This is followed by the Industry sector with a contribution of 32.2% and the Agriculture sector with 23.6%.
The sub-sector, which expanded the most under the Services sector was information and communication, recording 12.8% year on year, and by 2.9% quarter on quarter.
Mining and Quarrying subsector expanded by 14.8% year and year and 3.8% quarter on quarter in quarter two of 2024.
The agriculture sub-sector saw crops expanding with 6.4%.
However, some subsectors experienced contractions during the period.
Forestry and Logging subsector had a growth of -5.2%, Water supply, sewerage, waste management and Remediation activities also recorded a contraction rate of -9.6%.
Personal services activities under the services sector had a contraction of -3.1%
-Myjoyonline
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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