Dr. Alhassan Iddrisu – Government statistician
The nation’s economy expanded by 4.5 percent year-on-year in July 2025, according to new data from the Ghana Statistical Service (GSS).
The figure was published in the maiden edition of the Monthly Indicator of Economic Growth (MIEG), a new analytical tool designed to provide a more frequent snapshot of the country’s economic performance between quarterly GDP releases.
The index rose from 105.4 in July 2024 to 110.2 in July 2025, reflecting continued momentum in economic activity despite global and domestic headwinds.
However, the latest figure represents a slowdown from the 8.3 percent growth recorded in July 2024, signalling a moderation in the pace of expansion across key sectors.
Speaking at a press briefing in Accra yesterday, Government Statistician, Dr. Alhassan Iddrisu, said the agriculture sector was the main driver of growth, expanding by 8.0 percent on the back of improved crop yields and higher productivity in food staples.
The industrial sector, however, recorded marginal growth of 0.1 percent, constrained by challenges in energy supply and manufacturing output, while the services sector maintained moderate gains.
Dr. Iddrisu explained that the MIEG will serve as an early indicator of changes in economic activity, helping policymakers, investors, and businesses make more timely and informed decisions.
About MIEG
The Monthly Indicator of Economic Growth (MIEG) captures all economic activities included in the quarterly GDP system.
It combines monthly volume indicators and administrative records to compile growth measures for each sector of the economy.
The indicators are adjusted using the Consumer Price Index (CPI) and Producer Price Index (PPI) to remove the effects of inflation.
The same indicators used in the quarterly GDP framework are applied, ensuring that MIEG growth rates align closely with real quarterly GDP trends.
A Business Desk Report