Accra, June 28, 2017//Figures from the Ghana Statistical Service (GSS) have indicated that Ghana’s Gross Domestic Product (GDP) for the first quarter of 2017, grew by 6.6 percent as against 4.4 percent in the same period of 2016.
In monetary terms, the country’s GDP at constant prices including oil shut up to GHC 8, 557.8 million compared with GHC8,028.4 million in the same period of 2016. While the 2017 first quarter GDP at constant prices excluding oil was GHC7,931.0 million down from the 7,634.0 million cedis recorded last year, according to the first quarter GDP data.
Ghana’s GDP at current prices for the first quarter of 2017, oil inclusive recorded GHC44,731.8 million which is lower compared with GHC36,452.2 million recorded in the same period in 2016.
Furthermore, GDP at current prices for the first quarter of 2017, oil exclusive recorded 42, 965.3 million cedis compared to 36,041.3 million cedis in 2016, according to the GDP data.
Industry has overtaken the service sector as it recorded the highest GDP growth of 11.5 percent. It is followed by agriculture with 7.6 percent while services recorded the lowest GDP growth of 3.7 percent.
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