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. source: Ghana Statistical Service

The Gross Domestic Product (GDP) in Ghana expanded 5.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana averaged 5.76 percent from 2000 until 2025, 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 March of 2026.

The Gross Domestic Product (GDP) in Ghana expanded 5.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana is expected to be 6.00 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 4.50 percent in 2027 and 4.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-10 11:00 AM
GDP Growth Rate YoY
Q3 5.5% 6.5% 9.0%
2026-03-17 10:40 AM
GDP Growth Rate YoY
Q4 5.8% 5.5% 5.8%
2026-06-11 10:05 AM
GDP Growth Rate YoY
Q1 5.8% 6%


Related Last Previous Unit Reference
GDP Growth Rate YoY 5.80 5.50 percent Dec 2025
GDP Constant Prices 50795.80 47527.10 GHS Million Sep 2025
GDP from Agriculture 10041.90 9782.90 GHS Million Sep 2025
GDP from Construction 3238.90 3425.46 GHS Million Sep 2025
GDP from Manufacturing 5418.20 4780.90 GHS Million Sep 2025
GDP from Mining 6709.30 6822.23 GHS Million Sep 2025
GDP from Public Administration 2213.90 2267.03 GHS Million Sep 2025
GDP from Services 22175.00 19845.30 GHS Million Sep 2025
GDP from Transport 3376.00 2463.85 GHS Million Sep 2025
GDP from Utilities 661.20 755.60 GHS Million Sep 2025
GDP Growth Rate 1.30 1.40 percent Sep 2025
Gross Fixed Capital Formation 115227.41 85671.30 GHS Million Dec 2024


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
5.80 5.50 19.80 -5.60 2000 - 2025 percent Quarterly
Constant Prices 2013, NSA

News Stream
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
Ghana GDP Growth Slows to 5.5% in Q3
Ghana’s economy expanded 5.5% year-on-year in Q3 2025, following a revised 6.5% growth in Q2, marking the slowest pace of expansion since Q3 2024. Industry growth slowed sharply to 0.8% from 2.3%, while services growth eased to 7.6% from 9.6%, though it remained robust. Agricultural activity strengthened, rising to 8.6% from 7.1%, supported largely by the fishing sector. On a seasonally adjusted quarterly basis, the GDP grew by 1.3%, after a 1.4% rise in the previous quarter.
2025-12-10
Ghana GDP Growth at Near 1-Year High
Ghana’s economy grew 6.3% year-on-year in Q2 2025, matching the revised Q1 pace, which was the fastest since Q3 2024. Services led the expansion with a 9.9% increase, supported by a 21.3% surge in ICT on the back of rising data use. Other notable contributors included education, which grew 16.6%, health and social work at 14.6%, other personal services at 11.3%, and finance and insurance at 9.7%. Agriculture grew by 5.2%, led by the livestock sub-sector, while industry recorded modest growth of 2.3%. Mining and quarrying, including oil and gas, however, contracted by 1.8%, with oil and gas alone shrinking by 22.5%. Demand-side growth was supported by household consumption (+12.2%), gross capital formation (+17.1%), and net exports (+691.6%), while government consumption fell 0.2%. On a seasonally adjusted quarterly basis, the Ghanaian GDP rose by 1.4%, after a revised 1.6% advance in the preceding quarter.
2025-09-10