Ghana’s economy expanded by 6.3% in the second quarter of 2025, up from 5.7% in the same period last year, according to provisional figures released by the Ghana Statistical Service (GSS). The growth reflects steady activity across the economy, with the non-oil sectors continuing to lead and supporting both businesses and households across the country.
The real GDP for the quarter stood at GH¢47.4 billion, while non-oil GDP rose to GH¢45.7 billion, growing 7.8% year-on-year. In other words, most of the growth came from sectors outside of oil and gas, showing that the economy is increasingly driven by everyday activities like services, agriculture, and manufacturing.
The services sector remained the largest contributor, expanding 9.9% and accounting for 64% of overall GDP growth. Within services, Information and Communication surged 21.3%, reflecting the rising use of digital platforms and connectivity across the country. Real estate, however, contracted slightly by 1.8%, indicating some cooling in property-related activity. Overall, services continue to be the backbone of the economy, providing jobs and opportunities for many Ghanaians.
Agriculture, which makes up 25% of the economy, grew 5.2%, led by crops (5.6%) and livestock (5.9%), while fishing recorded slower growth of 0.9%. Crops and livestock remain the key drivers of rural economic activity, helping to sustain incomes and food production even as some subsectors grow more slowly.
Industry, accounting for roughly a third of GDP, slowed to 2.3% growth, weighed down by a 22.5% contraction in oil and gas. Other parts of industry performed better: gold mining grew 19.1%, contributing to export earnings, while electricity production rose 6.7%, supporting businesses and households. This uneven performance highlights how different parts of the economy are responding to both local and global pressures.
On a quarter-on-quarter basis, the economy grew 1.4%, marking the highest short-term growth since 2019, even though it was slightly below the 1.6% recorded in Q1 2025. Meanwhile, price pressures eased, with the GDP deflator falling to 18.1% from 26.8% a year ago, signaling that inflationary pressures are moderating, and the cost of living may feel a little less strained for households.
Dr. Alhassan Iddrisu, Government Statistician, noted that the results reflect a broadening of growth across the economy, with non-oil sectors playing an increasingly important role in sustaining expansion and supporting daily economic activity.
