Ghana’s economy records 5.1% growth in August 2025 — GSS

Ghana’s economy grew by 5.1 percent in August 2025, according to provisional figures from the Monthly Indicator of Economic Growth released by the Ghana Statistical Service.

The latest data shows a slight improvement over the 4.9 percent growth recorded in August 2024.

The Statistical Service revealed that the Services sector powered the performance, expanding by 9.5 percent—well above the 2.6 percent posted in the same month last year. Strong activity in ICT and Education drove the sector’s momentum, with Services accounting for nearly 80 percent of total growth in August.

Agriculture also recorded a strong showing, growing by 7.4 percent compared with 2.3 percent in August 2024. The sector contributed more than a quarter of total growth for the period.

Industry, however, contracted by 1.8 percent, reversing the 9.1 percent expansion recorded the previous year. The decline placed downward pressure on overall national growth, dragging the August 2025 rate by 12.2 percent, according to the GSS.

The Service also revised Ghana’s July 2025 growth figure to 3.7 percent, down from the earlier estimate of 4.5 percent, following updated submissions from major data sources.

Government Statistician Dr. Alhassan Iddrisu noted that the MIEG provides early signals of quarterly economic trends but cautioned that the figures are provisional and should be interpreted carefully.

He added that work is underway to finalise the third quarter GDP estimates, which will be released in December 2025.

The MIEG compiles high-frequency indicators to offer monthly insights into the direction and strength of economic activity across the country.