By Ghana’s economy recorded a solid 6.0% overall GDP growth in 2025, with momentum building toward the end of the year as the fourth quarter posted 5.8% growth, up from 4.0% in the fourth quarter of 2024.
According to the Ghana Statistical Service (GSS), the latest provisional GDP estimates show that in nominal terms, the economy expanded to over GH¢1.43 trillion, while real GDP rose to about GH¢209.6 billion, up from GH¢197.9 billion in 2024 reflecting steady and broad-based growth.
The data indicates that non-oil activities remained the main driver of growth, with non-oil GDP recording strong expansion and outperforming the previous year. This underscores Ghana’s growing shift toward a more diversified, non-oil-dependent economy.
The services sector maintained its position as the largest contributor to economic activity, driving more than half of total GDP growth. Key areas such as information and communication, transport and storage, education, and financial and insurance services led the expansion.
Agriculture recorded improved performance, growing by over 5% in the fourth quarter of 2025. Crop production was the main driver, while cocoa rebounded to positive growth after a sharp contraction in 2024.
Meanwhile, the industrial sector showed modest improvement but remained constrained, largely due to a significant decline in oil and gas production. However, gains in manufacturing and electricity helped cushion the slowdown.
The GSS data further highlights that a small number of sectors—including services, crops, gold, manufacturing, and transport accounted for nearly 87% of total GDP growth, emphasizing both the strength and concentration of the expansion.
Additionally, lower GDP deflator growth suggests moderating inflationary pressures, pointing to some stability in prices over the period.
Overall, the figures from the Ghana Statistical Service present an economy that is resilient, gradually diversifying, and gaining stronger momentum toward the end of 2025, positioning the country for continued growth in 2026.
