Audio By Carbonatix
The Ghanaian economy recorded a 12 percent growth for the third quarter of last year over the same period for 2010. This however represented a marginal decline compared with the 17 percent recorded in the 2nd quarter of last year.
Last year’s 3rd quarter growth was as a result of a substantial leap from industry also largely fueled by the crude oil production from the jubilee field.
Head of Economic Statistics at the Statistical Service, Ebo Duncan explained to Joy Business what accounted for this.
“The industry sector which has mining and quarrying, manufacturing, electricity, water and construction recorded the highest growth of 37.2 percent.
Within that sector, mining and quarrying subsector sector grew by 263.1 percent mainly due to crude oil whilst Construction too grew by about 5.9 percent. These two together pushed industry’s growth to 37.2 percent".
Manufacturing didn’t do well. Whilst electricity had an increase of 7.8 percent, water on the other side didn’t do that well”
The services sector followed industry with 5.8 percent growth whilst Agric recorded the lowest growth of 5.2 percent.
The Services Sector however maintained its dominance as the biggest contributor to the economy with 50 percent, followed by Industry and Agriculture.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
EU fines Temu €200m for allowing sale of illegal products
32 seconds -
Portugal breaks hottest May day record as Europe swelters in heatwave
45 seconds -
KetaFC celebrates “vindication” after Volta RFA Middle League controversy
1 minute -
Professor Joseph Ofori-Dankwa receives 2026 Lifetime Leadership Impact Award
2 minutes -
United Pension Trustees advocates menstrual hygiene awareness and support for girls in Juaben
5 minutes -
The age when the body starts ageing faster
7 minutes -
Controversial Volta RFA verdict triggers calls for GFA intervention
10 minutes -
AIMS Ghana, University of Waterloo lead push for stronger mathematics education at HTTMC 2026
17 minutes -
NADMO dismisses claims residents were not warned before Weija Dam spillage
2 hours -
Government begins payment of 2020 batch of nurses and midwives arrears
2 hours -
Controversial anti-LGBTQ bill presented to Parliament for second reading
2 hours -
New mediation centre launched to resolve disputes in Gomoaman
2 hours -
Deloitte Partner urges clear, consistent policies to govern mining license renewals, local content
2 hours -
Xenophobic attacks: Ghana must pursue justice for victims beyond evacuation – Bosome Freho MP
2 hours -
BOPP positions sustainable agribusiness as investment frontier
3 hours