"Ghana\u2019s economy recover strongly as it expands 3.9% in quarter 2"

" \n Ghana\u2019s economy recover strongly as it expands 3.9% in quarter 2 \n \n\n \n Ghana\u2019s economy is recovering strongly from the impact of Covid-19 pandemic as it expanded by 3.9 percent in the second quarter of this year, figures from the Ghana Statistical Service has revealed. \n \n\n \n This was due to strong pick-up in the Services and Agriculture sector. However, Gross Domestic Product growth rate without oil and gas (Non-Oil GDP) for first quarter of 2021 was 5.2% which is compared to -5.8% during the same period in 2020. \n \n\n \n According to the figures, the main sub-sectors that expanded in quarter two of 2021 were Water Supply, Sewerage, Water Management & Remediation Activities (20.5%); Information & Communication (20.0%); Hotel & Restaurants (18.7%); Real Estate (13.8%); Fishing (12.7%); Forestry & Logging (11.9%); Education (11.8%); Trade, Repair of Vehicles, House Goods (10.7%); Electricity (9.5%) and Manufacturing (8.3%). \n \n\n \n Read: Government has better resources; it has no excuse in running economy \u2013 Tekper \n \n\n \n However, Mining & Quarrying (-18.9%) was the only sub sector that contracted in the second quarter. The Service sector recorded the highest growth of 11.0% and was followed by the Agriculture sector with a growth of 5.5.0%. The Industry sector however contracted by 4.3 percent due to a significant contraction in the Mining and Quarrying sub sector. \n \n\n \n The GDP estimate at current prices in purchaser\u2019s value for the 2nd quarter of 2021 was estimated at \u00a2101.94 billion compared to \u00a288,470.1 million in the 2nd quarter of 2020. \n \n\n \n However, the non-oil GDP (GDP without Oil and Gas) estimate at current prices for the 2nd quarter of 2021 was \u00a297.48 billion compared to \u00a285.66 billion in the 2nd quarter of 2020. \n \n\n \n GDP sectoral shares \n \n\n \n The Services sector was the largest sector of the Ghanaian economy in the second quarter of 2021 with a share of 50% of GDP at basic prices. The GDP share of Industry and Agriculture were estimated at 29% and 21% respectively. \n "

"Ghana\u2019s economy recover strongly as it expands 3.9% in quarter 2"

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