Ghana's economy grew by 6% year-on-year in Q2 2026, slowing modestly from 6.4% in Q1 but continuing to expand at a robust pace. Services remained the economy’s biggest growth engine, advancing 8%, supported by a 30.9% surge in information, communication and technology activity. Industry grew by 4.3%, with oil and gas providing the main boost. Meanwhile, agriculture expanded by 3.9%. Government Statistician Dr. Alhassan Iddrisu also highlighted the sharp moderation in economy-wide price pressures as a key positive development. source: Ghana Statistical Service

The Gross Domestic Product (GDP) in Ghana expanded 6 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana averaged 5.77 percent from 2000 until 2026, reaching an all time high of 19.80 percent in the second quarter of 2011 and a record low of -5.60 percent in the second quarter of 2020. This page provides the latest reported value for - Ghana GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ghana GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Ghana expanded 6 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana GDP Annual Growth Rate is projected to trend around 5.00 percent in 2027 and 5.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-10 10:20 AM
GDP Growth Rate YoY
Q1 6.4% 5.8% 6%
2026-09-09 11:30 AM
GDP Growth Rate YoY
Q2 6% 6.4% 4.8%
2026-12-10 10:15 AM
GDP Growth Rate YoY
Q3 6% 5.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY 6.00 6.40 percent Jun 2026
GDP Constant Prices 51251.20 57365.20 GHS Million Jun 2026
GDP from Agriculture 10146.80 11923.90 GHS Million Jun 2026
GDP from Construction 3576.20 3328.60 GHS Million Jun 2026
GDP from Manufacturing 5331.70 7056.70 GHS Million Jun 2026
GDP from Mining 6695.30 7113.50 GHS Million Jun 2026
GDP from Public Administration 2113.30 1878.09 GHS Million Jun 2026
GDP from Services 22296.90 25199.78 GHS Million Jun 2026
GDP from Transport 2991.80 3610.07 GHS Million Jun 2026
GDP from Utilities 809.60 785.62 GHS Million Jun 2026
GDP Growth Rate 1.40 1.60 percent Jun 2026
Gross Fixed Capital Formation 114696.70 102390.20 GHS Million Dec 2025


Ghana GDP Annual Growth Rate
Services is the largest sector of the Ghanaian economy, accounting for 52 percent of the GDP. Within services, the most important sub-sectors are: transport and storage (10 percent); information and communication (9.8 percent); trade, repair of vehicles and household goods (7 percent) and financial and insurance activities; education and public administration & defense and social security (4 percent each). Also, industry accounts for 26 percent of the GDP with mining and quarrying (10 percent); construction (8 percent) and manufacturing (7 percent). Agriculture accounts for 22 percent, mainly crops (17 percent). On the expenditure side, household consumption is the main component of the GDP and accounts for 81 percent of its total use, followed by gross fixed capital formation (11 percent); government expenditure (10 percent) and changes in stocks (2 percent). Exports of goods and services account for 48 percent of GDP while imports for 52 percent, subtracting 4 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.40 19.80 -5.60 2000 - 2026 percent Quarterly
Constant Prices 2013, NSA

News Stream
Ghana Economy Maintains Solid Growth in Q2
Ghana's economy grew by 6% year-on-year in Q2 2026, slowing modestly from 6.4% in Q1 but continuing to expand at a robust pace. Services remained the economy’s biggest growth engine, advancing 8%, supported by a 30.9% surge in information, communication and technology activity. Industry grew by 4.3%, with oil and gas providing the main boost. Meanwhile, agriculture expanded by 3.9%. Government Statistician Dr. Alhassan Iddrisu also highlighted the sharp moderation in economy-wide price pressures as a key positive development.
2026-09-09
Ghana Economy Gains Traction in Q1
The economy of Ghana expanded by 6.4% year-on-year in Q1 2026, faster than 5.8% in the previous three-month period and marking the strongest performance since Q2 2025. The upturn was largely supported by non-oil activity, particularly services, which increased 7.1% and accounted for 48.3% of total GDP growth. Within the sector, information & communication posted the strongest rise at 25.2%, alongside advances in transport & storage (13%) and trade and repair of vehicles and household goods (9%), while accommodation & food services declined 13.6%. At the same time, the industrial sector grew by 6.9%, bolstered by mining & quarrying (10.7%), oil and gas (7%); manufacturing and electricity (both 6.2%). Meanwhile, the agricultural sector rose by 4%, mainly on the back of forestry and logging (9%) and crops (4.7%), of which cocoa (3.8%). On a seasonally adjusted quarterly basis, the GDP rose by 1.6%.
2026-06-10
Ghana GDP Grows Faster in Q4
The economy of Ghana advanced by 5.8% year-on-year in Q4 2025, following a 5.5% rise in the previous period, largely supported by non-oil activities (7.1%). Services (8.6%) remained the backbone of the economy, accounting for more than 50% of GDP expansion. Key contributors included information and communication, transport and storage, education, and financial and insurance services. At the same time, agricultural activity showed stronger performance, advancing 5.3%, on higher crop production. The key sub-sector cocoa rose by 3%. Meanwhile, the industrial sector rose by only 1.9%, with gains in manufacturing and electricity being outweighed by a significant decline in oil and gas production. Considering the full year of 2025, the GDP grew by 6%, marking the fastest expansion since 2019, after an upwardly revised 5.8% rise in 2024.
2026-03-17