Dr. Alhassan Iddrisu
Ghana’s economy grew by 6.3% year-on-year in the second quarter of 2025, new data from the Ghana Statistical Service (GSS) has indicated.
According to the GSS, the growth rate is higher than the revised 5.7% recorded a year earlier.
The rebound was powered by the services sector spanning finance, insurance, trade, and education, which surged 9.9% compared with the 2% recorded in the same period last year.
Non-oil GDP advanced 7.8%, as gains in agriculture and other sectors helped cushion a contraction in oil production.
Government Statistician, Dr. Alhassan Iddrisu, who released the figures, noted that the data reflects a strengthening recovery from Ghana’s deepest economic crisis in decades.
“The economy grew from 5.7% in the Q2 of 2024 to 6.3% in the Q2 of 2025 meaning the economy produced more goods and services than the same time last year noting a sign of growth and recovery,” he said.
Inflation has also continued to ease, falling to 11.5% in August — its lowest since October 2021, beating the Finance Ministry’s target of 11.9% by year-end.
The stronger-than-expected growth is expected to bolster investor confidence as policymakers work to sustain stability and advance IMF-backed reforms.
Services including ICT, education, finance and insurance and trade contributed more than half (52.2%) of the 2025 Q2 growth of the economy.
Dr. Iddrisu recommended that households should support local agriculture by buying more made-in-Ghana food products to strengthen demand for farmers output.
“Businesses should invest in digital and service-oriented solutions to ride the wave of growth in ICT, finance and education, and lastly, government should prioritise infrastructure and energy investment to sustain growth across all sectors, especially industry and services,” he said.
By Florence Asamoah Adom