Ghana GDP Growth at Near 1-Year High

2025-09-10 11:20 By Luisa Carvalho 1 min. read

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.



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