Ghana’s economy recorded a provisional year-on-year growth of 5.1% in August 2025, according to the Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).
This solid expansion was primarily driven by a vibrant services sector, which surged by 9.6% and contributed a substantial 4.08 percentage points to the overall growth figure.
The agriculture sector also delivered a strong performance, growing by 7.4% and adding 1.39 percentage points to GDP, more than offsetting modest or subdued contributions from other sectors.
Together, these two pillars underscored the resilience and diversification of Ghana’s economic base, offering encouraging signs for sustained recovery and stability heading into the latter part of 2025.
In contrast, the industrial sector contracted by 1.08%, dragged down by declining petroleum output, subdued manufacturing activity, and contractions in accommodation, food services, health, and social work.
The data, presented by Government Statistician Dr. Alhassan Iddrisu, underscores a continued rebound in key non-industrial sectors despite ongoing challenges in industry.
Dr. Iddrisu reported that the August 2025 Monthly Index of Economic Activity (MIEG) stood at 108.0, up from 102.7 in August 2024, marking a 5.1% year-on-year expansion and reflecting stronger overall economic activity compared to the same month last year.
He noted that growth was driven by robust performance in several sectors, including crops, fishing, electricity generation, information and communication technology, trade, transport, storage, and education. However, industrial activity continued to lag, remaining a persistent drag on output throughout 2025.
The Government Statistician also pointed out that the average economic growth for the first eight months of 2025 was just 1.8%, significantly lower than the 10.6% recorded over the same period in 2024. This slowdown was largely attributed to a contraction in crude oil production. Read more...
The Economy of Ghana: Key Facts, Trends, Indicators and Performance #FrizeMedia https://buff.ly/pB9KUrB
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