Ghana’s economy has recorded a strong growth of 6.3% in the second quarter of 2025, driven primarily by the services sector, which grew by 9.9% and maintained its position as the largest contributor to GDP at 41.9%.
The information and communication sub-sector was a key performer, expanding by 21.3%, while education, financial services, and insurance also posted notable gains.
Non-oil GDP grew even faster, increasing by 7.8%, demonstrating resilience in agriculture and other non-oil sectors that helped offset a contraction in oil production.
The agriculture sector, which accounts for 24.8% of the economy, grew by 5.2%, supported mainly by livestock production, which expanded by 5.9%. Fishing, however, recorded the weakest growth at just 0.9%.
Industry, contributing 33.2% to GDP, saw a modest growth of 2.3%, with electricity and construction recording growth rates of 6.7% and 6.5%, respectively.
Mining and quarrying contracted by 1.8%, and oil and gas production plummeted by 22.5%.
The growth in GDP was also supported by strong household consumption and investment, with net exports surging by 691.6% and gross capital formation increasing by 17.1%. Household final consumption expenditure grew by 12.2%.
However, government spending and non-profit institutions serving households dragged growth, with the latter contracting by 97.8%.
Ghana’s annual inflation rate slowed to 11.5% in August, its lowest level since October 2021, below the Finance Ministry’s end-of-year target of 11.9%.
