Ghana’s economy grew by 6.0% in real terms in the second quarter of 2026, although the pace of expansion moderated compared with the 6.6% recorded during the same period in 2025.
The latest Gross Domestic Product (GDP) data released by the Ghana Statistical Service (GSS) showed that the economy produced goods and services valued at GH¢51.3 billion in real terms during the quarter, compared with GH¢48.4 billion in the corresponding period of 2025.
The data was presented by Government Statistician, Dr Alhassan Iddrisu.
Growth in the non-oil economy slowed more significantly, expanding by 5.4 per cent in the second quarter, compared with 8.5% in the same quarter of 2025.
The services sector remained the largest contributor to economic activity, accounting for 45.9% of GDP and contributing 57.6% of overall growth.
However, services growth eased to 8.0% from 9.5% recorded a year earlier.
The industry sector, which accounted for 33.1% of GDP, recorded stronger growth of 4.3%, compared with 2.4% in the second quarter of 2025.
The improvement in industry was largely supported by the oil and gas subsector, with industry contributing 23.5 per cent to overall GDP growth.
Agriculture, which represented 21% of the economy, grew by 3.9% during the quarter, significantly lower than the 7.1% recorded a year earlier.
The sector contributed 13.3% to overall economic growth.
The data also showed divergent developments within the economy, with the Information and Communication Technology (ICT) subsector recording a strong 30.9% expansion.
In contrast, the fishing subsector contracted by 24.7%, raising concerns about livelihoods in fishing communities and the implications for food security.
A major positive development in the second-quarter GDP outturn was the sharp moderation in economy-wide price pressures.
The GDP deflator, a broad measure of price changes across the economy, declined from 18.6% in the second quarter of 2025 to 5.5% in the second quarter of 2026.
That represented a 13.1 percentage-point decline and indicated a significant easing of price pressures affecting economic activity.
Dr Iddrisu said the combination of continued economic expansion and substantially calmer price conditions was an important development for households and businesses.
The second-quarter performance, therefore, points to an economy that continues to expand at a relatively strong pace, although growth has moderated across key sectors.
The sharp improvement in price conditions, alongside the strong performance of ICT and industry, emerged as key features of the latest GDP figures, while weaker agricultural and fishing growth remained areas of concern.
