Ghana's economic activity expands by 6.8% in August 2026, services lead growth

Ghana's economic activity grew by 6.8% in August 2026, compared with 5.3% recorded during the same period in 2025, with the services sector emerging as the biggest driver of the expansion, according to the Ghana Statistical Service (GSS).

The latest Monthly Indicator of Economic Growth (MIEG), released on Wednesday, November 11, 2026, showed that the economic activity index increased from 108.0 in August 2025 to 115.4 in August 2026.

The services sector accounted for the largest share of the growth, recording an annual expansion of 10.7%, up from 7.1% in August 2025.

According to the GSS, the sector contributed 69.9% of the overall growth in economic activity, largely supported by strong performance in the Information and Communication subsector.

Industrial activity also improved during the period, growing by 4.5% compared with 0.8% in the corresponding month of the previous year.

The expansion was driven mainly by manufacturing, with additional contributions from mining and quarrying. The industrial sector accounted for 21.2% of the overall growth.

Agriculture, however, experienced a significant slowdown, recording growth of 2.6% against 8.6% in August 2025.

The GSS attributed the sector's performance to activities in the crops and livestock subsectors. Agriculture contributed 6.8% to total economic growth, while net taxes on products accounted for the remaining 2.1%.

The figures indicate that services and industry recorded stronger performances compared with August 2025, while agricultural growth weakened considerably.

The GSS explained that the MIEG provides a monthly assessment of changes in economic activity and serves as an early indication of economic trends ahead of the quarterly Gross Domestic Product (GDP) release.

The indicator is compiled using monthly volume measures and administrative records covering activities captured in the quarterly GDP framework. The data are adjusted for inflation using monthly Consumer Price Index (CPI) and Producer Price Index (PPI) figures.

The statistical agency noted that the MIEG remains an experimental statistic and is subject to continuous improvements and revisions as more comprehensive information becomes available.

It disclosed that the July 2026 growth rate had been revised from 7.4% to 7.0% following the incorporation of additional data.

The GSS said the August 2026 figures were provisional, with the next release, covering economic activity in September 2026, scheduled for December 9, 2026.