Robust first quarter performance keeps economy on growth target

A. Introduction:

The Ghana Statistical Service (GSS) currently provides three interrelated measures of real GDP. For any specified period of time typically a quarter or calendar year real GDP is the constant price (2006) value of relevant economic activities in that specified period. Constant prices are used in the valuation in order to eliminate the effect of inflation which otherwise could confuse the assessment of economic performance. The growth rate is obtained by comparing the value of the current period with that of a previous period. The three measures of data are the following:

Source: GhanaWeb

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