Provisional data released by the Ghana Statistical Service (GSS) shows that the country’s real Gross Domestic Product (GDP) increased by 6.6% in quarter three (July to September) of 2021 compared to the same period in 2020.
According to the GSS, when seasonally adjusted, Ghana’s real GDP increased by 1.6% in quarter three (July to September) of 2021; 0.5 percentage point higher than what was recorded in quarter one (April to June) of 2021.
“The Crops, Education, Trade, Repair of vehicles, Household goods, Manufacturing and Information & Communication sub-sectors were the main drivers of GDP growth for the third quarter of 2021,” the data said.
The main sub-sectors that expanded in quarter three of 2021 included Education (24.2%), Health & Social Works (20.5%), Information & Communication (17.0%), Professional Administrative & Support (16.7%), and Hotel & Restaurants (16.4%).
The rest are Public Administration & Defence, Social Security (16.3%), Fishing (14.3%), Real Estate (11.5%), Crops (9.8%).
The GDP (Including Oil & Gas) estimate at constant 2013 prices for the 3rd quarter of 2021 was GH¢43,093.5 million compared to GH¢40440.3 million in the 3rd quarter of 2020.
The Non-oil GDP at constant 2013 prices for the 3rd quarter of 2021 was GH¢39,974.4 million compared to GH¢36,823.7 million in the 3rd quarter of 2020.
