The Ghana Statistical Service (GSS) has announced that the country’s gross domestic product (GDP) is estimated to have increased by 4.7 percent in the first quarter (January to March) of 2024. Compared to the fourth quarter (October to December 2023) last year, the economy grew by 1.2 percent.
The drivers of the growth in the first quarter of 2024, according to the GSS were mining and quarrying, which contributed 12.9 percent, information and communication 17.9 percent, crops 4.3 percent, construction 8.2 percent, and accommodation and food service activities 9.4 percent.
The contracting sub-sectors in quarter 1 of 2024 were health and social work -8.8 percent, electricity -7.5 percent, public administration, defense and social security -5.3 percent, education -4.9, other personal service activities -2.9 percent, and forestry &logging -1.2 percent.
Credit: Joy Business
