Ghana’s economy expanded by 5.5% in Q3 2025

Ghana’s economy recorded a 5.5 percent growth rate in the third quarter of 2025. Although this is slightly lower than the 7.0 percent posted in the same period last year, the latest figures reveal which sectors are keeping the economy steady and which continue to struggle.

The services sector remained the strongest contributor, accounting for more than 40 percent of the country’s output. Information and Communication led the way with a remarkable 17 percent growth, driven by increasing demand for digital services and continued expansion in technology-related activities.

Agriculture also performed strongly, rising by 8.6 percent compared to last year’s outcome. The most notable turnaround came from the fishing sub-sector, which grew by 23.1 percent after contracting the previous year. Improved yields, better coastal conditions, and renewed industry support helped push the numbers upward.

Non-oil GDP grew by 6.8 percent, highlighting steady economic activity outside the oil sector and pointing to a gradual shift toward broader economic diversification.

However, challenges in the industrial sector weighed down overall performance. Industry grew by only 0.8 percent, a sharp drop from the 11.4 percent recorded last year. The most significant setback was the oil and gas sector, which contracted by 18.2 percent. Mining and quarrying also declined, underscoring ongoing difficulties within extractive industries. Manufacturing posted a 3.9 percent growth rate, partly supported by improved power supply, although still weaker than last year.

The Government Statistician recommended increased support for sectors that are showing strong performance, including agriculture, information and communication, and trade, while calling for targeted measures to stabilize struggling industrial segments.

Meanwhile, the Monthly Indicator of Economic Growth showed a 5.3 percent expansion in September 2025, driven mainly by communication services, transport and storage, and retail trade.

Overall, the third-quarter results show an economy being lifted by services and agriculture, even as weaknesses in oil and gas continue to slow down broader industrial performance.