Ghana’s Economy Gains Traction in Q1

The economy of Ghana expanded by 5.3% year-on-year in Q1 2025, accelerating from 3.6% in the previous three-month period.

Industrial sector growth picked up to 3.4%, from just 0.2% in the previous period, with the rise largely attributed to a strong 5.6% increase in gold production.

The agricultural sector, which employs about 40% of the workforce, also saw accelerated growth of 6.6% in Q1, up from 2.9% in Q4 2024, led by a rebound in cocoa output following six consecutive quarters of decline.

The services sector maintained positive momentum as well, growing 5.9%, slightly down from the 6.3% increase recorded in the prior period.