Ghana provisional real Gross Domestic Product (GDP) in volume terms was estimated to have increased by 3.7% in quarter four (October to December) of 2022 compared to the same period in 2021, the Ghana Statistical Service has said.
When seasonally adjusted, Ghana real GDP increased by 0.8% in quarter four (October to December) of 2022; 0.3 percentage points higher than what was recorded in quarter three (July to September) of 2022.
The Mining & Quarrying, Information & Communication, Public Administration, Defense & Social Security, Crops, and Education sub-sectors were the main drivers of GDP growth for the fourth quarter of 2022.
The main sub-sectors with more than 10 percentage expansion in quarter four of 2022 are:
1. Information & Communication (20.5%)
2. Public Administration, Defense & Social Security (15.7%)
3. Mining & Quarrying (13.4%)
4. Education (12.3%)
5. Health & Social Work (10.5%)
Seven sub-sectors contracted in quarter four of 2022. These are:
1. Water Supply, Sewerage, Waste Management & Remediation Activities (-13.4%)
2. Real Estate (-13.4%)
3. Electricity (-12.8%).
4. Manufacturing (-9.6%)
5. Professional, Administrative & Support Service activities (-7.7%)
6. Construction (-7.1%)
7. Fishing (-1.5%)