Economy Expands 3.8% in October 2025 as Services Sector Drives Growth
Ghana’s economy sustained steady growth in October 2025, with overall economic activity expanding by 3.8% year-on-year, largely driven by strong performance in the services sector.
Data from the Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS) show broad-based improvements across key sectors, even as growth remains uneven. The MIEG, which tracks short-term economic activity, recorded an index of 112.7 in October 2025, up from 108.6 in the same month of 2024, confirming continued recovery momentum at the aggregate level.
Sectoral analysis indicates that services were the main driver of growth, expanding by 5.5% in October 2025 and accounting for 74.7% of total economic expansion. Key sub-sectors such as trade, telecommunications, transport, hospitality, and other service-related activities contributed to the strong performance.
The industrial sector grew by 3.0%, representing 28.7% of overall economic growth. Gains were recorded in manufacturing and other industrial activities, reflecting gradual improvements in productive capacity.
Agriculture, meanwhile, grew by 0.9%, contributing 1.3% to total growth. While positive, the sector’s modest performance points to ongoing structural and seasonal challenges affecting productivity.
Overall, the October figures highlight the services sector’s dominant role in sustaining Ghana’s economic momentum, while gradual improvements in industry and limited growth in agriculture indicate areas for continued policy focus.
