Ghana’s economy ends 2025 on a high note, expanding by 6.0%

Ghana’s economy demonstrated remarkable resilience and closed 2025 with strong momentum, achieving a full-year Gross Domestic Product (GDP) growth rate of 6.0 percent, according to provisional figures released by the Ghana Statistical Service (GSS) on Tuesday.

The data reveals a significant acceleration in the final quarter of the year, with the economy expanding by 5.8 percent between October and December. This marks a substantial increase from the 4.0 percent growth recorded in the same period of 2024, signaling a solid end-of-year performance.

In nominal terms, the economy has now crossed the GH¢1.43 trillion mark. Real GDP—which accounts for inflation—rose to approximately GH¢209.6 billion, climbing from GH¢197.9 billion in 2024.

The latest figures paint a picture of an economy steadily diversifying, with growth being driven largely by sectors outside of its traditional oil dependency. Non-oil GDP continued to outpace the broader economy, reinforcing a positive structural shift.

Services Sector Leads the Charge

Maintaining its position as the primary engine of the economy, the services sector contributed more than half of the total GDP growth. The expansion was broad-based, led by robust performances in information and communication, transport and storage, education, as well as financial and insurance services.

The agricultural sector also provided a major boost, particularly in the fourth quarter where it recorded a growth rate of over five percent. This was fueled by strong crop production and a notable rebound in cocoa farming, which bounced back into positive territory after experiencing a sharp contraction in 2024.

The industrial sector showed modest improvement but remained a relative weak spot. The sector’s performance was constrained by a significant decline in oil and gas production. However, gains in manufacturing and electricity generation helped to mitigate the overall slowdown in the sector.

Growth Concentrated in Key Sectors

The GSS highlighted that the expansion is both strong and concentrated. A small cluster of key areas—including the broader services sector, crops, gold mining, manufacturing, and transport—accounted for nearly 87 percent of the nation’s total GDP growth.

On the price front, the data offered positive news for policymakers and consumers alike. A lower GDP deflator growth rate points to moderating inflationary pressures, suggesting a period of relative price stability over the course of the year.

Overall, the provisional GDP estimates released by the GSS depict an economy that is not only resilient but is gaining stronger momentum as it enters 2026, positioning Ghana for continued expansion in the year ahead.