Ghana’s economy grows by 6.4% in Q1 of 2026

Ghana Statistical Service has announced that Ghana’s economy grew by 6.4% in the first quarter of 2026, slightly higher than the 6.2% growth recorded during the same period in 2025, reflecting sustained strength in economic activity.

Speaking during the presentation of the latest figures, Government Statistician Alhassan Iddrisu stated that the services sector continued to be the main contributor to economic growth during the quarter.

He explained that non-oil Gross Domestic Product (GDP) expanded by 6.3%, suggesting that growth was spread across several major sectors of the economy.

According to Dr. Iddrisu, the services sector posted the strongest performance with growth of 7.1%, driven largely by information and communication activities, which surged by 25.2%, alongside transport and storage at 13% and trade at 7%.

The industrial sector also recorded stronger growth, expanding by 6.9% compared to 4.1% in the first quarter of last year. This improvement was supported by mining and quarrying, which grew by 10.7%, as well as renewed growth in the oil and gas sector, which recorded a 7% increase.

The agriculture sector grew by 4%, although overall performance was affected by a steep 18.5% decline in the fishing subsector.

Dr. Iddrisu further disclosed that seasonally adjusted GDP increased by 1.6% on a quarter-on-quarter basis, indicating continued economic momentum.

He added that the Composite Index of Economic Activity (CIEA) remained positive throughout the quarter, recording growth rates of 6.1% in January, 7.7% in February, and 5.4% in March.

According to him, the latest data highlights the importance of maintaining macroeconomic stability, speeding up infrastructure development, advancing digital transformation, and promoting stronger private sector-led growth, while also addressing challenges facing sectors such as fishing, accommodation and food services, and water and sewerage services.