General News

Economy grows by 3.3% in 2022 Q1 – GSS

Ghana’s economy slowdown in growth in the first quarter of this year, compared to the same period last year.

The economy recorded a 3.3% growth rate in the first three months of 2022, aided by some marginal expansion in the Services and Agriculture sectors.

In actual fact, this is the lowest growth rate recorded, post COVID-19.

For non-oil, the economy expanded by 3.7%.

According to Government Statistician, Professor Samuel Kobina Anim, the Agriculture sector led the growth rate, expanding by 5.6%, followed by Services with a growth rate of 3.7%.  Industry grew by 1.3%.

Public Administration and Construction sub sectors contracted in the period under review.

More to come………

Source: Ghana News

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