4th qtr 2012 GDP growth estimate hits 6.0%

By Fred Sarpong

The total value of goods and services produced in the fourth quarter of 2012 was GH¢8,424.1 million, compared to GH¢7,945.0 million recorded in the corresponding period in 2011. This is according to figures released in Accra last week by the Ghana Statistical Service (GSS).

This represents 6.0% Gross Domestic Product (GDP) growth for the fourth quarter of 2012, as against 1.2% in the previous year’s last quarter, all the sectors of the economy, contributed to this growth were- Agriculture, Industry and Services.

The acting Government Statistician, Dr. Philomena Nyarko, who announced this in Accra, last week, said during the period Agriculture recorded a total value of GH¢2,319.1 million, as compared to GH¢2,301.4 million in fourth quarter of 2011. This represents 0.6% growth.

The industry sector had 3.6% growth, recording a value of GH¢1,915.8 million as against GH¢1,987.0 million in 2011 fourth quarter. The services sector recorded 13.7% GDP growth with a value of GH¢3,715.6 million as against GH¢3,198.6 million at the end of fourth quarter of 2011.

According to Dr. Nyarko, crops and cocoa (0.9%), forestry (2.6%), and livestock 5.0% subsectors contributed to the agriculture growth of 0.6%.

The main contributors of the industry sector growth were electricity 10.8%; followed by construction 4.4%; and water and sewerage 3.5%.

The service sub-sectors, which contributed to the highest sectoral growth of 13.7%, comprised information and communication activities 78.7%; financial and insurance activities 40.4%; and Trade, Repair of motor vehicles and motorcycles 14.2%.

Comments

Shortage of weighing cards hit major hospitals in Accra

By: Fred Yaw Sarpong- Daily Express There is scarcity of Child Health Records Book (weighing cards), in some major public hospitals in the capital, information reaching the Daily Express indicates. Checks by this paper revealed that while some of the hospitals have being encountering the shortage for about a year now, others started experiencing it six months ago. In place of the Child Health Record Book (weighing card), the nursing mothers are given a single card on which information of children are recorded on it. Those hospitals identified are the Korle Bu Teaching Hospital, Korle Bu Polyclinic, Kaneshie Polyclinic, Adabraka Polyclinic and the Ridge Hospital. At the Korle Bu Teaching Hospital, the nursing mothers are given yellow cards in place of the weighing cards. The Public Relations Secretariat at the Korle Bu Teaching Hospital said such information has not come to their notice and for that matter they cannot comment on it. “We do not have some ...

ABL launches chibuku super in Bolgatanga

By: Fred Yaw Sarpong sarpong007@gmail.com Accra Brewery Limited (ABL) has officially launched the Chibuku Super drink at Bolgatanga in the Upper East region with the aim of reaching a lot of customers. Mr. Thomas Nii Ponku, Supervisor in charge of Chibuku Super at ABL told Daily Express that the management decided to launch the Chibuku Super drink in the Upper East region because they’ve realized it is similar to a traditional drink in the region. “Chibuku is like a well developed pito, a traditional drink made from fermented millet or sorghum in the Northern part of Ghana. So the idea is to provide them with similar drink,” he added. Mr. Nii Ponku disclosed this when members of the Institute of Finance and Economic Journalists (IFEJ) toured the facility of ABL to acquaint themselves with the expansion project at the factory. He mentioned that after a feasibility study, they realized there is a potential market for the product in the northern part of Ghana ...

Barbering Salons, bridging the unemployment gap in Ghana

By: Fred Yaw Sarpong Barbering business in Ghana is money making venture, depending on the location of the shop. Various barbering shops scattered across the country charges according to the location of the shop. The nature and sustainability of every barbering shop depends on the location of the shop. The location will determine how much one can charge a customer for barbering his or her hair. Checks indicate that some barbering shops located at Spintex, East Legon and Osu Oxford street charges between GHc15.00 and GHc20.00 per hair cut. At South La Estate, it will cost a customer to pay GHc4.00 for hair cut, while one will have to pay GHc3.00 to barber his or her hair at a place like Nima, Maamobi and Mallam Gbawe. Royal Vulture Executive Barbering Salon is one of the biggest barbering salons one can locate within Accra. One is its shops is located at Madina, near Taxi rank while one is located at Accra New Town, near the Post Office. Customers at Madina pay GHc7.00 ...

SARPONG'S BLOG

Search This Blog