Ghana GDP up 4.9 Percent in Q1, 2016

The Ghanaian economy expanded by 4.9 percent year-on-year in the three months to March of 2016, following a downwarldly revised 4.1% percent expansion in the previous period. The agriculture sector advanced 2.8 percent (+1.7 percent in Q4), services expanded by 8.8 percent (+5.2 percent in Q4), while industry contracted by 1.1 percent, following a 7.2 percent growth in previous quarter. GDP Annual Growth Rate in Ghana averaged 7.07 percent from 2000 until 2016, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -3.80 percent in the first quarter of 2014. GDP Annual Growth Rate in Ghana is reported by the Ghana Statistical Service.

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