Provisional figures from the Ghana Statistical Service (GSS) show that Ghana’s economy grew by 6.9% in the second quarter of 2024.
Compared to the first quarter of 2024, the economy experienced a growth rate of 4.7%.
The Services sector remains the largest contributor to this growth, accounting for 44.2%.
It is followed by the Industry sector at 32.2%, and the Agriculture sector, which contributed 23.6%.
The sub-sector, which expanded the most under the Services sector was Information and Communication, recording 12.8 percent year on year, and by 2.9 percent quarter on quarter.
The Mining and Quarrying subsector expanded by 14.8 percent year in year and 3.8 percent quarter on quarter in quarter two of 2024.
The agriculture sub-sector saw crops expanding by 6.4 percent.
However, some subsectors experienced contractions during the period.
The Forestry and Logging subsector experienced a decline of 5.2%, while Water Supply, Sewerage, Waste Management, and Remediation activities saw a significant contraction of 9.6%.
Additionally, Personal Services activities within the Services sector contracted by 3.1%.
Story By Will Agyapong
