Ghana’s economy grows 5.5% in Q3 2025 driven by agriculture and services

Ghana’s economy expanded by 5.5% in the third quarter of 2025, according to provisional data from the Ghana Statistical Service (GSS), reflecting resilience across key sectors despite global economic challenges.

The non-oil economy, which excludes petroleum production, grew by 6.8%, showing stable improvement compared with last year. Agriculture was a standout performer, surging 8.6%, up from 2.5% in the same period of 2024, with the crops sub-sector driving most of the gains an indicator of rising productivity among small- and medium-scale farmers.

Industry showed modest recovery with 0.8% growth after last year’s contraction, helped by manufacturing and food processing, although the oil and gas sub-sector fell sharply by 14.1%, continuing a previous downward trend.

The Services sector remained the backbone of the economy, expanding 7.6% and contributing about 40% to GDP. Strong performances in ICT, trade, transport, storage, and education-related services reinforced the sector’s impact. ICT, crops, trade, transport, storage, manufacturing, and education together accounted for nearly 86% of GDP growth in the quarter.

Quarter-on-quarter, real GDP rose 1.3%, compared with 1.0% in the same period last year. Sub-sectors such as fishing and ICT recorded significant gains of 23.1% and 17%, respectively, while growth was also observed in health, social work, transport, and crop production.

Conversely, contractions were seen in oil and gas, mining and quarrying, accommodation and food services, and other personal services, highlighting ongoing challenges in extractive and hospitality sectors.

The GSS emphasized the critical role of non-oil sectors, particularly agriculture and services, in sustaining Ghana’s growth, as policymakers and businesses monitor whether these gains can be carried into 2026.