Ghana’s Economy Grows 5.5% in Q3 2025 as Agriculture and Services Drive Strong Performance
Ghana’s economy expanded by 5.5 percent in the third quarter of 2025, new provisional figures from the Ghana Statistical Service (GSS) show, underscoring sustained momentum across major sectors despite global economic uncertainty.
The non-oil economy recorded growth of 6.8 percent, reflecting continued improvement in domestic economic activity even though the outturn was marginally lower than last year’s performance.
Agriculture delivered one of the most notable growth surges, expanding by 8.6 percent compared to 2.5 percent in the same period of 2024. The crops sub-sector remained the primary driver of the sector’s gains, a development analysts attribute to rising productivity among small- and medium-scale farmers.
Industry returned to positive growth, recording 0.8 percent after contracting last year. Manufacturing and food processing supported the recovery, though overall performance was weighed down by a steep 14.1 percent contraction in the oil and gas sub-sector — a continuation of the decline seen in recent quarters.
The Services sector remained the largest contributor to GDP, expanding by 7.6 percent and accounting for roughly 40 percent of total output. Strong performances in ICT, trade, transport, storage and education-related services reinforced the sector’s dominant role in the economy.
The GSS highlighted that ICT, crops, trade, transport, storage, manufacturing and education collectively accounted for nearly 86 percent of GDP growth in the quarter.
Seasonally adjusted data showed a 1.3 percent quarter-on-quarter rise in real GDP, up from 1.0 percent during the same period last year.
Among sub-sectors, fishing recorded the highest growth at 23.1 percent, while ICT maintained its upward trend with a 17 percent expansion. Other areas posting growth included health and social work, transport and storage, and crop production.
However, contractions persisted in oil and gas, mining and quarrying, accommodation and food services, and other personal service activities — pointing to lingering pressures in the extractive and hospitality industries.
The GSS noted that the latest outturn reaffirms the critical role of non-oil sectors — particularly agriculture and services — in sustaining Ghana’s economic recovery. With one quarter left in the year, attention now shifts to whether these gains can be carried into 2026.
