Ghana’s economy grew by 7.7% in February 2026, compared with 3.9% recorded in the same period last year, according to data released by the Ghana Statistical Service (GSS), marking a sharp acceleration that statisticians say reflects “strengthened economic momentum” heading into the first quarter.
The Monthly Indicator of Economic Growth (MIEG) index rose to 111.3 in February 2026, up from 103.3 in February 2025. Government Statistician Dr. Alhassan Iddrisu, presenting the data, said the results reflected “improved business activity” and “stronger production levels” across key sectors, with industry and services collectively accounting for approximately 92% of the total growth recorded in the month.
Industry posted the strongest sectoral performance, expanding by 9.6% compared with 2.8% in February 2025. The acceleration was driven primarily by mining and quarrying, manufacturing, and electricity production, three subsectors that have been a consistent focus of the government’s economic agenda. The sector contributed roughly 44% of overall growth in the period.
Services also recorded robust expansion, growing 7.4% against 4.4% a year earlier, with information and communication, finance and insurance, trade, and health services identified as the principal drivers. The sector contributed nearly 48% of total growth in February, the largest share among all three major sectors.
Agriculture, while maintaining positive momentum, expanded at a slower pace of 3.8%, compared with 9.4% in February 2025. Growth was supported by crops, livestock, and forestry activities, though the moderation in the sector’s pace was notable. Agriculture’s contribution to overall growth stood at approximately 6%.
The February data arrives ahead of the official first-quarter 2026 GDP estimate, which is due for release in June. Iddrisu described the MIEG as providing “useful signals” ahead of that publication, adding that the February results offer “an important early indication that Ghana’s economy is maintaining positive momentum” in the quarter.
