{"id":280428,"date":"2016-12-28T18:18:29","date_gmt":"2016-12-28T18:18:29","guid":{"rendered":"http:\/\/citifmonline.com\/?p=280428"},"modified":"2016-12-28T18:18:29","modified_gmt":"2016-12-28T18:18:29","slug":"gdp-inches-to-4-in-2016-4th-quarter","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=280428","title":{"rendered":"GDP inches to 4% in 2016 3rd quarter"},"content":{"rendered":"<p>Ghana&#8217;s provisional GDP (including oil) for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015.<\/p>\n<p>[contextly_sidebar id=&#8221;IgFwE21YnsBHTlu1BVdAySmsTLGuDcTL&#8221;]The services sector recorded the highest growth of 4.7 percent, followed by industry and agric with 3.9 and 2.3 percent respectively.<\/p>\n<p>However, the non-oil provisional GDP for the third quarter of 2016, grew by 4.6% compared to 4.1% recorded for the third quarter of 2015.<\/p>\n<p>According to the Ghana Statistical Service, the provisional estimate (including oil) for the third quarter of \u00a0\u00a0\u00a02016 at current prices (including financial intermediation services indirectly measured) is GH\u20b544,608.1 million.<\/p>\n<p>The estimate for the same period in 2015 was GH\u20b5<strong>37,351.3 <\/strong>million.<\/p>\n<p>Also, the provisional estimate (excluding oil) for the third quarter of 2016 at current prices (including financial intermediation services indirectly measured) is <strong>GH\u20b543,786.8 <\/strong>million.<\/p>\n<p>For the same period in 2015, the value was GH\u20b5<strong>36,117.8 <\/strong>million.<\/p>\n<p>The quarter-on-quarter seasonally adjusted 2016 Q3 GDP grew by 1.1% compared to 0.5% recorded for 2016 Q2.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-66793 size-full\" src=\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2016\/12\/gdp-work.png\" alt=\"gdp work\" width=\"423\" height=\"292\" \/><\/p>\n<p><strong>Sectoral Performances<\/strong><\/p>\n<p>Agriculture recorded a year on year quarterly growth of 2.3 percent.<\/p>\n<p>The livestock sub-sector recorded the highest year-on-year growth rate of 5.6% while the fishing sub-sector recorded the lowest growth rate of 0.3%.<\/p>\n<p>In addition, crops and forestry and logging recorded a yearly growth rate of 2.2 and 1.9 percent respectively.<\/p>\n<p>For Industry, its year-on-year GDP growth rate for the third quarter was 3.9 percent.<\/p>\n<p>The Construction sub-sector recorded the highest year-on-year quarterly GDP growth rate of 16.3%, while the Water and Sewerage sub-sector recorded the lowest (-7.8%).<\/p>\n<p>Also, for the third quarter of 2016, the Services sector recorded a year-on-year quarterly GDP growth rate of 4.7%.<\/p>\n<p>The Transport &amp; Storage sub-sector recorded the highest year-on-year quarterly GDP growth rate of 8.6% while the Community, Social and Other Personal Activities sub-sector recorded the lowest growth rate of -1.0%.<\/p>\n<p>&#8211;<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana&#8217;s provisional GDP (including oil) for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015. [contextly_sidebar id=&#8221;IgFwE21YnsBHTlu1BVdAySmsTLGuDcTL&#8221;]The services sector recorded the highest growth of 4.7 percent, followed by industry and agric with 3.9 and 2.3 percent respectively. However, the non-oil provisional GDP for the third [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":237196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,171,11],"tags":[],"class_list":["post-280428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/280428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=280428"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/280428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/237196"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}