"GDP grows 6.6% in Q3 2021"

" \n GDP grows 6.6% in Q3 2021 \n \n\n \n Data from the Ghana Statistical Service indicates that Ghana's economy grew by 6.6% in the third quarter of this year. \n \n\n \n Compared to the same period last year - Q3 2020 - GDP growth rate stood at -3.2%. \n \n\n \n With oil, the economy grew at a rate of 8.6% in the nine months of 2021. \n \n\n \n This is a significant increase from what was recorded in the same period last year, which was a contraction, as a result of the Covid-19 pandemic. \n \n\n \n The main sub-sectors that expanded in quarter three of 2021 are Education (24.2%); Health & Social Works (20.5%); Information & Communication (17.0%); Professional Administrative & Support (16.7%); Hotel & Restaurants (16.4%); Public Administration & Defence, Social Security (16.3%), Fishing (14.3%); Real Estate (11.5%); Crops (9.8%). \n \n\n \n For sectoral growth rates, the Services sector recorded the highest growth rate of 13.4%, followed by the Agriculture sector with 9.2%. \n \n\n \n However, Industry contracted by 2.0%. This was as a result of contraction in the mining sub-sector. \n \n\n \n Read: Review double taxation agreements with 13 countries \u2013 Ali-Nakyea \n \n\n \n Manufacturing (7.5%), Water supply, Sewerage, Waste Management and Remediation Activities (6.7%, Electricity (5.1%), and Construction (1.7%) however all recorded expansion in their sub-sectors. \n \n\n \n Government Statistician, Professor Samuel Kobina Annim, explained that this is the highest growth rate since the second quarter of 2019 which recorded 7.5 percent growth rate for non-oil GDP. \n \n\n \n According to the data, the Services sector was the largest sector of the Ghanaian economy in the third quarter of 2021 with a share of 45% of GDP at basic prices. \n \n\n \n The GDP share of Industry and Agriculture were 31% and 24% respectively. \n \n\n \n The GDP (Including Oil & Gas) estimate at constant 2013 prices for the 3rd quarter of 2021 was \u00a243.09 billion compared to \u00a240.440 billion in the 3rd quarter of 2020. \n \n\n \n The Non-oil GDP at constant 2013 prices for the 3rd quarter of 2021 was \u00a239.974 billion compared to \u00a236.82 billion in the 3rd quarter of 2020. \n "

"GDP grows 6.6% in Q3 2021"

Africa’s Smallholder Farmers are Using Bright Ideas to Adapt to Climate Change: G20 Countries Should Fund Their EffortsAMP

World Bank Urges Zimbabwe to Seek G-20 Support in Ending 25-Year Debt DefaultAMP

BoG Sells GHS 10.37 Billion in 56-Day BillAMP