Ghana’s services sector emerged as the main driver of economic activity in April 2026, accounting for 61.7% of the country’s overall economic expansion as the economy recorded a 4.7% year-on-year growth, according to the Ghana Statistical Service’s (GSS) Monthly Indicator of Economic Growth (MIEG).
The latest MIEG report shows that while all three major sectors of the economy recorded growth during the period, services remained the strongest contributor, supported mainly by activities within the Information and Communication subsector.
The services sector expanded by 6.0% between April 2025 and April 2026, making it the largest contributor to the overall growth rate. The sector’s contribution amounted to 61.7% of the total 4.7% increase in economic activity, highlighting the growing importance of service-based activities in Ghana’s economic structure.
The Information and Communication subsector was identified as the main source of growth within services, reflecting continued expansion in digital-related activities, telecommunications and technology-driven services.
The strong performance of services helped lift the overall MIEG index to 113.3 in April 2026, compared with 108.2 in April 2025, representing a yearly increase of 4.7%.
Despite its leading role, the pace of services sector growth moderated compared with the previous year. The sector recorded a growth rate of 15.1% in April 2025, compared with 6.0% in April 2026, suggesting that while activity continues to expand, the exceptional momentum recorded earlier has slowed.
Beyond services, the industrial sector also recorded improved performance during the period, growing by 4.0% and contributing 29.9% to overall economic growth. According to the GSS, the expansion was mainly driven by increased activity in the mining and quarrying subsectors.
Agriculture recorded the slowest growth among the major sectors, expanding by 1.7% and contributing 4.5% to total growth. The recovery was supported mainly by the crops and livestock subsectors.
The sector’s return to growth marks an improvement from the contraction recorded in April 2025, when agriculture declined by 6.9%. However, its limited contribution highlights the continued challenge of translating agricultural activity into stronger overall economic expansion.
The latest figures show that Ghana’s economic growth remains heavily dependent on services, with industry providing additional support through mining activity, while agriculture continues to recover gradually.
The GSS said the MIEG is an early indicator of movements in economic activity before the release of quarterly GDP figures, using monthly volume indicators and administrative records aligned as much as possible with the quarterly GDP system.
