Ghana’s economy expanded by 5.1% in August 2025. This is according to the provisional Monthly Indicator of Economic Growth (MIEG) published by the Ghana Statistical Service (GSS).
This reflects a modest uptick from the 4.9% recorded in August 2024.
The GSS attributes the August 2025 performance largely to the Services sector, which surged by 9.5%, significantly higher than the 2.6% growth posted in August 2024. Continued momentum in ICT and Education underpinned the sector’s strong outturn, with Services accounting for about 80% of total growth in August.
Agriculture followed, registering a 7.4% expansion compared with 2.3% in the same period last year. The sector contributed 27.3% to overall GDP growth for the month.The Industry sector, however, declined by 1.8% in August 2025, reversing the 9.1% growth seen in August 2024. According to the GSS, the sector’s contraction “dragged on the 5.1% growth recorded in August 2025 by 12.2%.”
The Statistical Service also issued a revision to the July 2025 MIEG figure, adjusting growth to 3.7% from the previously reported 4.5%, following updated submissions from key data suppliers.
Government Statistician Dr Alhassan Iddrisu indicated that the MIEG release offers early signals about quarterly economic performance. However, he cautioned that users must exercise restraint in drawing firm conclusions.
“We should be guided as to how we interpret this data, because it is based on provisional data,” he emphasised, noting that the dataset is not yet complete.
He further disclosed that the GSS is finalising the third-quarter GDP estimates, expected in December 2025.
The MIEG tracks high-frequency economic indicators and provides monthly insights into the pace and direction of Ghana’s economic activity.
Credit: citinewsroom.com
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