The Ghana Statistical Service (GSS) has reported that Ghana’s economy expanded by 5.5 percent in the third quarter of 2025, based on newly released provisional figures.
Despite ongoing global economic challenges, the data highlights resilience across several key areas.
Growth in the non-oil economy – activities outside petroleum production – reached 6.8 percent. While this is slightly below last year’s performance, it reflects steady progress in underlying economic activity.
Agriculture recorded a strong 8.6 percent growth, a sharp rise compared to the 2.5 percent achieved during the same period in 2024, making it one of the standout sectors. The crops sub-sector was the main driver, with analysts noting that the results point to rising productivity, especially among small and medium-scale farmers.
The industrial sector showed signs of recovery, posting a modest 0.8 percent growth after contracting in 2024. Manufacturing and food processing helped push the sector back into positive territory. However, overall industrial growth was weighed down by the oil and gas sub-sector, which shrank by 14.1 percent, continuing its downward trend from previous quarters.
Services remained the largest contributor to the economy, expanding by 7.6 percent and accounting for about 40 percent of GDP. This sector’s strong influence was supported by robust performances in ICT, trade, transport, storage, and education-related services.
According to the GSS, ICT, crops, trade, transport, storage, manufacturing, and education together made up nearly 86 percent of total GDP growth in the quarter, underscoring their central role in Ghana’s economic path.
On a quarter-to-quarter basis, real GDP rose by 1.3 percent, up from 1.0 percent in the same period of 2024.
Several sub-sectors posted remarkable gains, with fishing leading at 23.1 percent growth. ICT also maintained its upward trajectory with a 17 percent increase. Additional growth was seen in health and social work, transport and storage, and crop production.
Nonetheless, contractions were observed in oil and gas, mining and quarrying, accommodation and food services, as well as other personal service activities, pointing to persistent challenges in parts of the extractive and hospitality industries.
The GSS emphasized that the third-quarter results highlight the crucial role of non-oil sectors, particularly agriculture and services, in sustaining Ghana’s economic growth.
