Ghana’s Economy Expands 6.3% in Q2 2025, Driven by Services Sector
Ghana’s economy grew by 6.3 percent in the second quarter of 2025, up from 5.7 percent in the same period last year, according to new data released by the Ghana Statistical Service (GSS).
Government Statistician Alhassan Iddrisu, speaking at a press briefing in Accra, said the strongest growth came from information and communication, education, manufacturing, and financial and insurance services.
“The services sector, which accounts for 41.9 percent of the economy, recorded the highest growth in real GDP at 9.9 percent year-on-year,” he said. The sector contributed four percentage points to the overall quarterly expansion, making it the largest driver of growth.
Agriculture, which makes up 24.8 percent of GDP, grew by 5.2 percent, while industry, with a 33.2 percent share, posted a more modest 2.3 percent growth. Excluding oil, non-oil GDP grew by 7.8 percent, reflecting the strength of the broader economy.
The upbeat figures come as Ghana implements a $3 billion IMF-supported reform programme designed to stabilize the economy by tackling currency depreciation, inflation, and high public debt. Early signs suggest the measures are working. Inflation fell to 11.5 percent in August, its lowest level since October 2021, boosting confidence in the country’s economic outlook.
As one of Africa’s leading exporters of cocoa, gold, and crude oil, Ghana’s stronger growth performance signals a gradual recovery from recent economic pressures and offers hope of greater stability in the months ahead.
