Ghana's economy Economy records slow growth in Q2

Growth rate for the first quarter was 4.8 percent, according to figures released by the statistical service department, provisional data from the Ghana Statistical Service say.

  • Published:
play Ghana Cedi
24/7 Live - Subscribe to the Pulse Newsletter!

Ghana’s economic growth slowed to 2.5 percent in the second quarter of 2016 compared to last year’s revised 3.8 percent.

Growth rate for the first quarter of 2016 was 4.8 percent, according to figures released by the statistical service department.

Economist warns of economic recession
Economy no longer bleeding - Mahama
IMF questions amended BoG act after concluding visit to Ghana


"The economy is growing but not at the same rate as the first quarter, when it was 4.8 percent," head of Ghana Statistical Service Philomena Nyarko said Wednesday.

The slow growth was fueled by halt in oil production due to technical fault on the turret bearing on the FPSO Kwame Nkrumah.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 2018 Budget 100,000 graduates to be employed in 2018 will earn GHC47,...bullet
2 Job Application How to write a CV that gets interview callsbullet
3 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
4 Full Text IMANI's preliminary assessment of 2018 budgetbullet
5 2018 Budget Ghana's 2018 budget statement translated into 7...bullet
6 Ghana Post GPS Bawumia insists Ghana's digital addressing...bullet
7 2018 Budget Statement Gov't must withdraw 2018 budget - Minoritybullet
8 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
9 AirtelTigo 6 things every Airtel and Tigo customer...bullet
10 Interest Rate Here are the banks offering the cheapest...bullet

Top Videos

1 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
2 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
3 Entrepreneurship How to be resourceful as an entrepreneurbullet
4 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet