According to provisional estimates from the Ghana Statistical Service (GSS), the country’s economy expanded by 3.2 percent in the second quarter of 2023 (April to June) compared to the same period in 2022.
When adjusted for seasonal variations, the real GDP in the second quarter of 2023 increased by 0.7 percent, which is 0.1 percentage point lower than the growth recorded in the first quarter of 2022.
The Services sector exhibited the highest growth at 6.3 percent, followed by the Agriculture sector with a growth rate of 6.0 percent, while the Industry sector contracted by -1.9 percent.
The GDP growth rate, excluding oil and gas (Non-Oil GDP), for the second quarter of 2023 stood at 3.2 percent, compared to a growth rate of 4.8 percent for the same period in 2022.