Services Lead Economic Growth With 4.7%

Dr. Alhassan Iddrisu

 

The services sector remained the country’s main engine of economic growth in April 2026, driving a 4.7 percent year on year expansion in overall economic activity, according to the Ghana Statistical Service (GSS).

The Government Statistician, Dr. Alhassan Iddrisu, said the services sector recorded the strongest performance among the three broad sectors of the economy, growing by 6.0 percent between April 2025 and April 2026.

The sector accounted for 61.7 percent of the overall growth recorded during the period, which reaffirms its position as the largest contributor to the country’s economic expansion.

Dr. Iddrisu announced the figures while presenting the latest Monthly Index of Economic Activity (MIEG), which tracks short term movements in the nation’s economy.

The industry sector also posted a strong performance, expanding by 4.0 percent over the review period.

According to the GSS, the growth was driven mainly by increased activity in the mining and quarrying subsectors, reflecting the continued importance of mineral production to the country’s economy.

Industry contributed 29.9 percent of the overall growth in economic activity, which makes it the second biggest contributor after the services sector.

The agriculture sector recorded a comparatively modest growth of 1.7 percent between April 2025 and April 2026. The increase was attributed primarily to improved performance in the crops and livestock subsector.

Despite the positive growth, agriculture contributed only 4.5 percent to the overall expansion in economic activity, significantly lower than the contributions from the services and industry sectors.

Within the services sector, the Information and Communication subsector emerged as the principal driver of growth, which highlights the increasing role of digital services and telecommunications in the country’s economic transformation.

The latest figures suggest that while mining continues to underpin industrial growth, the services sector remains the dominant force behind Ghana’s economic performance.

The Monthly Index of Economic Activity provides an early indication of trends in the economy ahead of the release of quarterly Gross Domestic Product (GDP) estimates, which offers policymakers, businesses and investors timely insights into the pace and direction of economic growth.

By Ernest Kofi Adu