Dr. Alhassan Iddrisu, GSS Boss
Economic activities in the country expanded by 6.8 percent in August 2026, according to the Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).
The MIEG index rose to 115.4 in August 2026, up from 108.0 in August 2025.The growth was driven largely by the services sector, which grew by 10.7 percent and contributed 69.9 percent to the overall growth.
Industry expanded by 4.5 percent, contributing 21.2 percent to total growth, while agriculture grew by 2.6 percent, contributing 6.8 percent. Net taxes on products contributed 2.1 percent.
The GSS said the expansion in services was mainly driven by the Information and Communication sub-sector.
The services index rose from 111.7 in August 2025 to 123.6 in August 2026. Industry picks up
Economic activities in industry recorded a 4.5 percent increase between August 2025 and August 2026, up sharply from the 0.8 percent growth recorded a year earlier.
The increase was driven mainly by manufacturing, with support from mining and quarrying. The industry index rose from 108.1 to 113.0.Agriculture slows
Agriculture increased by 2.6 percent, compared to 8.6 percent in August 2025. The GSS said the growth was driven by the crops and livestock sub-sector.
The agriculture index stood at 100.0 in August 2026, compared to 97.4 a year earlier. The Service notes that agriculture is highly seasonal.
The MIEG is a volume index that captures changes in economic activity on a monthly basis. It is published for the whole economy, as well as for agriculture, industry and services.
The GSS said the indicator is designed to give users a reliable early indication of movements in economic activity before the quarterly GDP release.
For example, in the second quarter of 2026, both the MIEG and quarterly GDP recorded growth of 6.0 percent.
The August 2026 figure is provisional and subject to revision when more comprehensive data becomes available. The MIEG is currently classed as an experimental statistic.
The GSS also revised the July 2026 MIEG growth rate from 7.4 percent to 7.0 percent following the availability of additional data.
A Business Desk Report