Ghana’s provisional Monthly Indicator of Economic Growth (MIEG) Index for September 2025 stands at 108.5, up from 103.0 in September 2024, according to the Ghana Statistical Service (GSS). This represents a year-on-year growth rate of 5.3%.
GSS noted that the September figures are still provisional, as final monthly data from Ministries, Departments and Agencies (MDAs) are yet to be incorporated. Further revisions are expected.
The MIEG data showed broadly positive but uneven sector performance, with agriculture rising slightly by 0.2%, while industry recorded strong growth at 6.7% and services expanded by 5.4%.
These outcomes are consistent with earlier monthly data for July and August. July’s growth remained at 5.7% after revisions, while August was adjusted to 5.1%. Combined, the three months contributed to the 5.5% real GDP growth recorded for Q3 2025.
Ghana’s economy grew by 5.5% in Q3 2025, lower than the 7% recorded a year earlier but still showing solid momentum. Non-oil GDP rose by 6.8%, highlighting reduced dependence on oil.
Agriculture posted strong growth of 8.6%, driven by a 23.1% rebound in fishing. Industry slowed sharply to 0.8% growth, dragged by an 18.2% contraction in oil and gas despite a 3.9% rise in manufacturing.
Services remained the dominant sector, expanding by 7.6% and accounting for nearly 60% of overall growth, with ICT leading at 17%.
The main drivers of Q3 GDP growth were ICT, crops, freight transport and storage, manufacturing, and education, together accounting for 86% of total output expansion.
Seasonally adjusted quarter-on-quarter GDP increased by 1.3%, slightly below the 1.6% recorded in the same quarter of 2024, signalling continued but moderating momentum.
Ghana’s Q3 2025 data shows strong but uneven sector performance. The top expanding subsectors were Fishing (23.1%), ICT (17%), Transport & Storage (10.4%), Trade and Repairs (10%), and Crops (8.3%).
The largest contractions were in Oil & Gas (-18.2%), Health & Social Work (-9.7%), Accommodation & Food Services (-7.2%), Other Personal Services (-3.5%), and Mining & Quarrying (-2.8%).
Updated national accounts, based on new data from GRA, MoFA, and the electricity sector, resulted in slight upward revisions to Q1 and Q2 2025 GDP estimates, with both real and non-oil GDP improving modestly in each quarter.
For households, improved food supply and moderating prices support rebuilding savings.
Businesses are encouraged to invest in rapidly growing sectors such as ICT, trade, transport, crops, and manufacturing, which contributed more than 80% of productivity gains.
For government, stabilising oil and gas output and reinforcing high-growth sectors remain crucial to sustaining economic momentum.
The GSS expressed appreciation to MDAs, SOEs, enterprises, and individuals for their collaboration and reaffirmed its commitment to producing timely, accurate, and credible statistics to support national development and evidence-based policymaking.
Source: Myxyzonline.com
