Ghana’s economy grew by 6.8 percent from October to December 2018, an increase over the 5.5 percent recorded in the same period in 2017.
The Ghana Statistical Service (GSS) says the mining, quarrying, health and social work sectors helped register the increase although the economic growth fell short of the 8.1 percent general figure for 2017.
Decline in oil and gas production accounted for a slow growth of 20 percent in the last quarter of 2018 however the industry sector experienced the highest growth of 10.6 percent followed by the agricultural sector which registered a 4.8 percent growth.
The informal sector’s share of the total value of goods and services produced between 2013 and 2018 increased from GHc36.1 billion to GHc42.6 billion.
Newly minted government statistician, Professor Samuel Annim stated while statistically the service can compute the average from the data, it doesn’t mean there is an equal distributional effect in which case the poorest in the economy get to benefit from the richest.
In 2018, the total value of goods and services produced in the country also amounted to GHc154.5 billion.