Ghana’s economy expands 6.7 per cent in first quarter of 2019

June 20, 2019

Ghana’s economy grew 6.7 per cent year-on-year in the first three months of 2019 compared to 5.4 per cent in the same period last year, the Ghana Statistical Service said on Wednesday.

The quarter-on-quarter seasonally adjusted growth rate was 1.6 per cent compared to 1.7 per cent for the last three months of 2018, Professor Samuel Kobina Annim, Government Statistician said at a News Briefing.

Non-oil growth for the first quarter stood at 6.0 per cent year-on-year compared to 4.2 last year.

For the first quarter of 2019, the Services sector expanded 7.2 per cent year-on-year with the information and communication sub-sector recording the highest year-on-year quarterly GDP growth rate of 37.0 per cent.

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