Ghana’s provisional GDP (including oil) for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015.

The services sector recorded the highest growth of 4.7 percent, followed by industry and agric with 3.9 and 2.3 percent respectively.

However, the non-oil provisional GDP for the third quarter of 2016, grew by 4.6% compared to 4.1% recorded for the third quarter of 2015.

According to the Ghana Statistical Service, the provisional estimate (including oil) for the third quarter of    2016 at current prices (including financial intermediation services indirectly measured) is GH?44,608.1 million.

The estimate for the same period in 2015 was GH?37,351.3 million.

Also, the provisional estimate (excluding oil) for the third quarter of 2016 at current prices (including financial intermediation services indirectly measured) is GH?43,786.8 million.

For the same period in 2015, the value was GH?36,117.8 million.

The quarter-on-quarter seasonally adjusted 2016 Q3 GDP grew by 1.1% compared to 0.5% recorded for 2016 Q2.

source:citifmonline.com