Services Sector Growth Boosts Q2 2025 GDP Growth to 6.3%
Ghana’s economy grew by 6.3 percent in the second quarter of 2025, according to new data released by the Ghana Statistical Service (GSS).
The figure marks an improvement over the 5.7 percent real GDP growth recorded in the same period last year, underscoring continued recovery momentum and increased production across key sectors of the economy.
The expansion was driven largely by the Services sector, which recorded growth of 9.9 percent in Q2 2025, a sharp rebound from 2 percent in Q2 2024.
The sector accounted for the largest share of GDP, contributing 42 percent, followed by Industry with 33 percent and Agriculture with 25 percent.
“Services accounted for the largest contribution to GDP growth in the second quarter of 2025 and continues to dominate the structure of Ghana’s economy,” Government Statistician, Dr. Alhassan Iddrisu, said at a press briefing on Wednesday, September 10, 2025.
According to the Ghana Statistical Service, the main drivers of the second quarter growth were information and communication, which grew by 21.3 percent. Education grew by 16.6 percent, while Health and Social Work grew by 14.6 percent. Other personal services grew by 11.3 while Finance & Insurance grew by 9.7 percent.
Agriculture also posted strong growth of 5.2 percent, up from 3.5 percent a year earlier. The sub-sector that expanded the most under Agric was Livestock and the sub-sector that expanded the least was Fishing.
The Livestock sector expanded by 5.9 percent (year-on-year) and 1.2 percent (quarter-on-quarter seasonally adjusted) in the second quarter of 2025, compared to the Fishing sub-sector, which had a growth rate of 0.9 percent (year-on-year) and 0.2 percent (quarter-on-quarter seasonally adjusted).
However, the Industry sector saw a significant slowdown, expanding by just 2.3 percent compared to 12.2 percent in Q2 2024, reflecting a sharp 9.9 percentage point decline.
The sub-sector that expanded the most under Industry was Electricity and the sub-sector that contracted the most was Mining and Quarrying. The Electricity sub-sector expanded by 6.7 percent (year-on-year) and 1.8 percent (quarter-on-quarter seasonally adjusted).
The Mining and Quarrying sub-sector contracted by 1.8 percent (year-on-year) and 0.5 percent (quarter-on-quarter seasonally adjusted).
Nominal GDP for the period was estimated at GH¢321 billion, up from GH¢258.9 billion in Q2 2024.
Non-oil nominal GDP reached GH¢313.3 billion, compared with GH¢244.7 billion in the same quarter last year.
On a real basis, GDP stood at GH¢47.4 billion, up from GH¢44.6 billion in Q2 2024, while non-oil real GDP rose to GH¢45.7 billion from GH¢42.4 billion.
Non-oil real GDP growth accelerated to 7.8 percent, up from 5.7 percent in the previous year.
