Economy Records 6% Growth; Expands to GHS 1.43 Trillion in 2025
Ghana’s economy recorded a robust 6.0% GDP growth in 2025, with momentum picking up toward the end of the year as fourth-quarter growth accelerated to 5.8%, up from 4.0% in the same period in 2024.
Provisional data released by the Ghana Statistical Service shows that in nominal terms, the size of the economy exceeded GH¢1.43 trillion, while real GDP rose to approximately GH¢209.6 billion in 2025, compared to GH¢197.9 billion in 2024—reflecting steady and broad-based expansion.
The latest figures indicate that non-oil activities remained the primary engine of growth, with non-oil GDP outperforming the previous year. This trend underscores Ghana’s gradual transition toward a more diversified economy with reduced reliance on the oil sector.
Services sector maintains dominance
The services sector continued to anchor economic activity, contributing more than half of total GDP growth. Key sub-sectors including information and communication, transport and storage, education, and financial and insurance services were the main drivers of expansion.
Agriculture rebounds on crop production
Agriculture also recorded improved performance, expanding by over 5% in the fourth quarter of 2025. Growth in the sector was largely driven by crop production, while cocoa output recovered to positive territory following a sharp contraction in 2024.
Industry constrained despite gains in manufacturing
The industrial sector posted modest growth, although overall performance remained constrained by a notable decline in oil and gas production. However, increased activity in manufacturing and electricity generation provided some support, cushioning the sector’s slowdown.
According to the Ghana Statistical Service, a limited number of sectors—including services, crops, gold, manufacturing, and transport—accounted for nearly 87% of total GDP growth, highlighting both the strength and concentration of the expansion.
Outlook remains positive
The data also points to moderating inflationary pressures, as reflected in lower GDP deflator growth, suggesting improved price stability over the period.
Overall, the latest GDP figures present a resilient economy, underpinned by diversification and strengthening momentum, positioning Ghana for sustained growth in 2026.
