Year on Gross Domestic Product (GDP) for the 3rd quarter of 2014 grew by 5.1%.<\/p>\n
The GDP measures an aggregation of the value goods and services created over a period.<\/p>\n
Services sector continued to be the biggest contributor contributing about 48%.<\/p>\n
This was followed by Industry contributing about 28% while agric contributed the least which is about 25%.<\/p>\n
The main drivers of the growth were the financial and insurance sector which grew by 36%, ICT by 16.9%, fishing by 15.5%, public administration by 15.1% and mining and quarrying which grew by 14.2%.<\/p>\n
However, a number of sectors recorded decline in growth.<\/p>\n
[contextly_sidebar id=”r6fJEJyF0qvyG1xIR8bY0MMjcY99P7rf”]They include transport and storage which declined by 12.2%, hotel and restaurants by 7.5% and business activities by 1.5%.
\nGDP was estimated at 31.5billion cedis compared to about 26billion recorded in the 2nd quarter of 2014.<\/p>\n
Non-Oil GDP however was about 29.7 billion compared to about 24 billion cedis recorded in the second quarter of 2014 .<\/p>\n
On the other hand, the newly revised growth rate for 2014 is 4.2 percent, down from 6.9%.<\/p>\n
<\/p>\n
<\/p>\n
By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Year on Gross Domestic Product (GDP) for the 3rd quarter of 2014 grew by 5.1%. The GDP measures an aggregation of the value goods and services created over a period. Services sector continued to be the biggest contributor contributing about 48%. This was followed by Industry contributing about 28% while agric contributed the least which […]<\/p>\n","protected":false},"author":14,"featured_media":0,"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":[],"tags":[21,4],"class_list":["post-82715","post","type-post","status-publish","format-standard","hentry","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/82715","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=82715"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/82715\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}