Ghana’s industrial sector, which makes up about a third of the economy, expanded only 2.3% in the second quarter of 2025, down sharply from 12.2% in the same period last year, according to provisional figures from the Ghana Statistical Service (GSS).
The slowdown was largely due to a 22.5% drop in oil and gas production, marking the fourth consecutive quarter of decline. This also pulled mining and quarrying down by 1.8%, showing just how dependent the sector is on oil activity. The effects are felt widely, from jobs in the oil and mining industries to businesses that provide support services.
Some parts of industry, however, showed resilience. Gold mining grew 19.1%, helping to cushion the sector, while electricity generation rose 6.7%, up from 2.8% in the first quarter, keeping power supply stable for homes and businesses alike.
Meanwhile, other parts of the economy continued to perform strongly. The services sector grew 9.9%, contributing 64% to overall GDP growth, led by a 21.3% jump in Information and Communication. Agriculture expanded 5.2%, supported by crops and livestock. These numbers highlight how non-oil sectors are increasingly carrying the country’s economic growth.
Overall, Ghana’s real GDP grew 6.3% in Q2 2025, with non-oil GDP rising 7.8%, showing the economy is still moving forward even as oil and gas face challenges. While industry struggled, other subsectors and non-oil activities are helping to keep the country on track, showing a mix of pressure and resilience across the economy.
