• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 201201

GDP Growth Falls To 12% Year-on-Year In Third Quarter 2011

26-Jan-2012
/ Economy, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The unadjusted GDP growth has dropped to 12 percent year-on-year in the third quarter of 2011, compared with a revised 17.6 percent figure in the second quarter of 2011, the Ghana Statistical Service said on Wednesday.

Dr Philomena Nyarko, Acting Government Statistician, said the industry sector recorded the highest growth of 32.7 percent, followed by the services sector with 5.8 percent and agriculture 5.2 percent.

�Within the Industry sector, the influence of crude oil pushed the growth of the mining and quarrying sub-sector to 263.1 percent,� she said. She said growth in construction was also high at 25.9 percent whiles manufacturing recorded a negative growth of 15.4 percent.

Crops sub-sector (including cocoa) increased by 10.2 per cent while negative growths were registered in Forestry (-11.0%) and Fishing (29.9%). Dr Nyarko said the main contributors to the increased economic activity in the Services sector were Transport and Storage, Information and Communication, Business and other service activities.

She said seasonally adjusted quarter-on-quarter estimates of the real Gross Domestic Product showed a decline of 0.2 percent in the third quarter of 2011 over the second quarter of 2011.

She said the Industry sector grew by 10.1 percent, Services by 3.1 percent and Agriculture declined by 6.8 percent during the third quarter.

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

�15m Investment In Sustainable Cocoa

Next Post

Producer Price Inflation Falls To 15.19% In December

 
 

More Stories

Absa Bank Ghana Managing Director Moves On
Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF
Govt Reopens Domestic Debt Exchange Programme
U.S and China Owe Half of World’s $235tr Debts - IMF
Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030
Output Growth Hits 28-Month High In August
Energy Sector Levies Rake In GH¢18.35bn In 7 Years
2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta
GH¢2.9bn Spent On PFJ 1
Next Post

Producer Price Inflation Falls To 15.19% In December

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Absa Bank Ghana Managing Director Moves On

  • Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF

  • Govt Reopens Domestic Debt Exchange Programme

  • U.S and China Owe Half of World’s $235tr Debts - IMF

  • Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030

  • Output Growth Hits 28-Month High In August

  • Energy Sector Levies Rake In GH¢18.35bn In 7 Years

  • 2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta

  • GH¢2.9bn Spent On PFJ 1

  • Impose Taxes On Alcohol, Cigarettes To Fund Mental Health - Prof. Ohene Advocates

 

 
 

Popular Videos

Peace Power Sports (19/09/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (19/09/2023)

GHANA MONTIE WITH MAC JERRY OSEI AGYEMAN on NEAT 100.9 FM (TUESDAY 19-09-23)

Kokrokoo Discussion Segment On Peace 104.3 FM (20/09/2023)

Kokrokoo Live On Peace 104.3 FM (20/09/2023)

Entertainment Review On Peace 104.3 FM (19/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media