Ghana’s economy continued to pick up pace in the second quarter of 2025, with the services sector leading the charge. Expanding 9.9% year-on-year, services accounted for 64% of overall GDP growth, highlighting the sector’s central role in driving the country’s economic momentum.
Within services, Information and Communication stood out, surging 21.3%. The growth reflects the increasing use of digital platforms, internet services, and mobile connectivity, which are transforming the way businesses operate and people communicate across the country. Real estate, by contrast, contracted 1.8%, hinting at some cooling in property-related activity, but the sector overall remained a strong engine of growth.
Agriculture also contributed to the expansion, growing 5.2%, with crops (5.6%) and livestock (5.9%) driving much of the increase. Fishing expanded more modestly at 0.9%, but together these subsectors remain vital for rural livelihoods and domestic food supply.
Industry, which makes up about a third of the economy, posted slower growth at 2.3%, held back by a 22.5% contraction in oil and gas. Some subsectors performed better: gold mining rose 19.1% and electricity production increased 6.7%, highlighting the uneven performance within industry.
Overall, Ghana’s real GDP grew 6.3%, up from 5.7% a year earlier, while non-oil GDP rose 7.8%, showing that economic expansion is increasingly fueled by everyday activities outside the oil sector. Price pressures also eased, with the GDP deflator falling to 18.1%, signaling slower inflation and a welcome relief for households.
The figures reflect an economy increasingly supported by non-oil sectors, with services at the forefront, agriculture holding steady, and industry navigating a mix of strong and weak performers.
