Ghana’s economy expanded by 5.3% in the first quarter of 2025, marking a stronger performance compared to the 4.9% recorded in the same period last year. But behind the headline growth, some sectors showed impressive gains while others slipped into decline.
Expanding Sub-Sectors
- Fishing (16.4%)
Fishing posted the strongest growth this quarter, reflecting higher output and improved conditions in the industry. - Information & Communication (13.1%)
The digital space continues to grow rapidly, driven by increasing internet access, mobile usage, and tech-driven services. - Finance & Insurance (9.3%)
Stronger financial activity and improved investor confidence contributed to solid growth in banking, insurance, and related services. - Transport & Storage (8.6%)
Goods movement and logistics picked up pace, supported by a rebound in commercial activity and improved road connectivity. - Health & Social Work (7.3%)
Expansion in healthcare delivery and ongoing social support programmes helped drive steady growth in this sector.
Contracting Sub-Sectors
- Public Administration, Defence & Social Security (-4.2%)
Spending cuts or delayed disbursements may have slowed activity in these government-led services. - Education (-4.0%)
The education sector saw a decline, possibly due to operational challenges or lower enrolment levels. - Water Supply, Sewerage, Waste Management & Remediation (-3.7%)
Declines in public infrastructure investment and service efficiency could be contributing to this drop. - Forestry & Logging (-2.5%)
Logging continues to face pressure, likely from sustainability concerns and falling demand. - Real Estate (-0.7%)
Growth in the property market has slowed, reflecting tighter conditions for both developers and buyers.
While services like fishing, tech, and finance are seeing clear momentum, others, especially those reliant on public funding or traditional resources, are falling behind.
