Business News of Wednesday, 17 April 2019Source: classfmonline.comQ4 2018 GDP dips as oil production fallsGDP for the fourth quarter of 2018 was 6.8 per cent, representing a dip in the previous quarterGhana’s growth fell in 2018 as the country’s oil and gas volumes dropped in the last quarter of 2018. 2.9 million barrels of oil were shipped within that period, a little below the 3 million barrels of oil shipped in the previous quarter. Real GDP for the fourth quarter of 2018 was 6.8 per cent, representing a dip in the previous quarter’s 7.4 per cent of the same year. “The industry sector recorded the highest growth of 8.9 per cent; Services was 5.8 per cent and Agriculture was 4.4 per cent,” he added. This is expected to further boost economic growth in 2019 to hit government's targeted GDP of 7.6 per cent.

Source: GhanaWeb April 17, 2019 14:26 UTC