Ghana’s economy grows 3.8 % in October 2025
Ghana’s economy expanded by 3.8 per cent year-on-year in October 2025 as activity in the services sector continued to underpin output, according to data released to explain the pace and source of growth.
The figures, drawn from the Monthly Indicator of Economic Growth, were published by the Ghana Statistical Service to show how short-term economic activity was evolving and why overall growth was being sustained despite uneven sectoral performance.
The index rose to 112.7 in October 2025 from 108.6 in the same month a year earlier, signalling that aggregate economic activity continued to recover, even as pressures remained in parts of the real economy.
The services sector emerged as the main driver of growth, expanding by 5.5 per cent in October and accounting for nearly three-quarters of total economic expansion during the month.
Trade, telecommunications, transport, hospitality and other service-related activities recorded notable gains, reflecting stronger consumer activity, improved mobility and higher demand for communication and logistics services.
Industry shows progress
Industry recorded growth of 3.0 per cent in October 2025, contributing 28.7 per cent to total economic expansion, as manufacturing and related activities showed signs of gradual improvement.
The performance suggested that productive capacity was beginning to recover, supported by easing supply constraints and improved business confidence in parts of the industrial sector.
According to the data, industrial growth remained below the pace needed to significantly shift the structure of the economy, but the month’s outcome pointed to steady gains that could strengthen output if sustained over time.
Agriculture lags behind
Agriculture posted growth of 0.9 per cent, contributing just 1.3 per cent to total economic growth in October, underlining the sector’s relatively weak performance compared with services and industry.
The modest expansion reflected structural and seasonal challenges that continued to weigh on productivity, including input costs and weather-related factors affecting output.
A source at the statistical service said the figures underscored the need for targeted policies to lift agricultural productivity alongside efforts to support industry. “Balanced growth required attention to sectors that were lagging so that gains were shared more evenly across the economy,” she said.