Ghana’s economy expanded by 5.5 percent in the third quarter of 2025, according to new provisional data released by the Ghana Statistical Service (GSS), signalling continued resilience across key sectors despite global economic pressures.
The GSS report shows that the non-oil economy, which reflects the performance of sectors outside petroleum production, grew by 6.8 percent. Although slightly lower than the growth recorded last year, the figure confirms stable improvement in underlying economic activities.
One of the standout performances came from the Agriculture sector, which surged by 8.6 percent a major jump from the 2.5 percent recorded in the same period in 2024. The crops sub-sector remained the star contributor, driving most of the gains. Analysts say this strong outturn suggests increasing productivity, particularly among small- and medium-scale farmers.
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The Industry sector showed signs of recovery, recording a modest 0.8 percent growth after contracting last year. Manufacturing and food processing activities helped lift the sector back into positive territory. However, industrial growth was dragged down by the poor performance of the oil and gas sub-sector, which suffered a sharp 14.1 percent contraction, continuing the decline observed in previous quarters.
Meanwhile, the Services sector remained the backbone of the Ghanaian economy, expanding by 7.6 percent and contributing the largest share to GDP about 40 percent. The sector’s influence on overall growth was significant, supported by strong performances in ICT, trade, transport, storage, and education-related services.
The GSS noted that ICT, crops, trade, transport, storage, manufacturing, and education accounted for nearly 86 percent of total GDP growth in the quarter, underlining how central these sectors have become to the country’s economic trajectory.
Seasonally adjusted data indicates that Ghana’s economy also improved quarter-on-quarter, with real GDP rising by 1.3 percent, compared to 1.0 percent in the same period last year.
Some sub-sectors recorded remarkable expansion. Fishing posted the highest growth of all, rising by 23.1 percent, while ICT continued its upward trend with a 17 percent increase. Growth was also recorded in health and social work, transport and storage services, and crop production.
However, the economy faced contractions in several areas, including oil and gas, mining and quarrying, accommodation and food services, and other personal service activities, signalling challenges that persist in parts of the extractive and hospitality industries.
The GSS says the third quarter results reinforce the importance of non-oil sectors in sustaining Ghana’s growth, particularly agriculture and services. As the country enters the final quarter of the year, policymakers and businesses will be watching closely to see whether these gains can be consolidated into 2026.
Source: Myjoyonline.com
