Ghana's GDP grows by 4.1% in first quarter of 2015

Ghana’s gross domestic product (GDP) for the first quarter of 2015 grew by 4.1 percent compared to -3.8 percent recorded for the first quarter of 2014.

The GDP measures the country’s monetary value of the goods and services produced in the country over a period.

The development means the value of goods and services produced in Ghana in the first quarter of this year grew by 4.1 percent compared to the first quarter of last year.

The oil GDP at current price for the first quarter of 2015 was about 28 million compared to 29 million in the fourth quarter of 2014.

Key findings in a release by the Ghana Statistical Service Wednesday indicated that Information and Communication rose by 41.3%; Livestock grew by 20.7%; Water and Sewerage grew by 16%; Public Administration, Defence and Social Security increased by 9.8% and Health and Social Services rose by 9.7%.

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