Grace Cofie
The Statistician-General or the Federation, Simon Harry, on Thursday, disclosed that the Gross Domestic Product (GDP) growth rate fell to 4.03% in the third quarter (Q3) of 2021 from 5% in the second quarter (Q2).
He said that during the quarter, aggregate GDP stood at 45.11tn in nominal terms, an increase of 15.41% over the performance in the corresponding period of 2022.
Harry stated further that the base effect of the negative economic growth recorded in Q2 and Q3 2020 as a result of the COVID-19 pandemic contributed to the growth in GDP in 2022.
He said that the current growth trend can be sustained through strict adherence to safety measures effected to control the spread of the COVID-19 pandemic and other variants of the disease.
