The Ghana Statistical Service (GSS) has revealed a remarkable surge in the nation’s economic performance, with provisional real GDP growth hitting 6.9 percent for the second quarter of 2024.
This substantial increase is a dramatic leap from the 2.5 percent growth recorded in the same quarter of the previous year.
When excluding oil and gas, the non-oil GDP growth stands at an impressive 7.0 percent, compared to last year’s 3.1 percent.
The seasonally adjusted quarterly real GDP growth rate also shows positive momentum, rising to 1.6 percent from 1.2 percent in the preceding quarter.
This trend underscores the resilience of Ghana’s economy in the face of global uncertainties.
The Services sector continues to dominate, contributing 44.2 percent to the GDP, while Industry and Agriculture contribute 32.2 percent and 23.6 percent, respectively.
Among the sectors, Industry has led with a remarkable 9.3 percent growth year-on-year, followed by Services at 5.8 percent, and Agriculture at 5.4 percent.
This diversified growth showcases a robust economic recovery and a positive outlook for Ghana’s future economic stability and expansion.
