Ghana’s non-oil economy recorded a robust 7.5% growth in the first three quarters of 2025, up from 5.7% in the same period last year, signalling strengthening activity across key real sectors.
The agriculture sector grew by 7.4%, supported by strong performance in crops and a continued rebound in fishing.
Over the first three quarters, agriculture contributed 24.6% to total GDP growth and maintained a 25.6% share of the economy.
The sector’s solid outturn reflects sustained momentum, particularly from food and cash crop production and the ongoing recovery in the fisheries subsector.
The industrial sector expanded by 2.4%, contributing 13.1% to overall growth during the period.
Despite accounting for 13.2% of GDP, the sector’s impact remained modest due to weak performance in oil and gas and further contractions in mining.
These declines offset gains recorded in other industrial activities, keeping the sector on a path of slow but gradual stabilization.
The services sector remained the dominant engine of economic expansion, posting 8.3% growth and contributing 57.4% to total GDP growth in the first three quarters of the year.
With a 41.3% share of the economy, services continued to benefit from strong activity in information and communication, trade, education, and transport.
The strongest growth in Q3 2025 came from five key subsectors. Fishing led with a 23.1% expansion, followed by Information & Communication (17%), Transport & Storage (10.4%), Trade and Vehicle/Household Goods Repair (10%), and Crops (8.3%).
Several key subsectors contracted in Q3 2025, despite agriculture and services driving overall growth. The sharpest declines were in Health & Social Work (-9.7%), followed by Accommodation & Food Services (-7.2%), Other Personal Services (-3.5%), and Mining & Quarrying (-2.8%).
Oil and gas contracted sharply by 18.2%, and without this decline, mining and quarrying would likely have recorded a positive outturn.
Revised GDP Estimates for Q1 and Q2 2025
As part of standard statistical updates, new administrative data from the GRA (VAT), Ministry of Food and Agriculture (crop production), and power-sector agencies (generation, transmission, and distribution) were incorporated into GDP estimates.
The updated figures show slight upward revisions to Ghana’s 2025 GDP data. Real GDP for Q1 and Q2 increased to 6.36% and 6.47% respectively, while Non-Oil GDP rose to 7.72% in Q1 and 8.02% in Q2.
Officials noted that the revision process is ongoing as additional data is assessed.
The latest report also introduces monthly GDP growth estimates, offering a more granular view of economic activity and emerging trends.
Source: Myxyzonline.com
