In all, five sectors saw a contraction in the fourth quarter; of which the hotel and restaurant sector experienced the largest fall of -35.1 percent. This indicates the hospitality sector never recovered from ravages of the pandemic last year, and remains the sector most heavily-bruised by the pandemic. However, industry couldn’t break free from contraction and recorded -0.4 percent for the period. However, despite agriculture leading in terms of growth, its contribution to the economy compared with the other two sectors was the smallest. The way forwardGovernment has set a five percent growth target for 2021, and outlined measures to help revive the economy from the havoc caused by the pandemic.

Source: GhanaWeb April 22, 2021 03:56 UTC