Ghana Economy Gains Traction in Q1

2026-06-10 13:14 By Luisa Carvalho 1 min. read

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%.



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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%.
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