The Ghana Statistical Service has reported that Ghana’s economy expanded by 6.3% year-on-year in the second quarter of 2025, up from a revised 5.7% in the same period last year.
Driving this rebound, the services sector comprising finance, insurance, trade, and education posted a robust 9.9% expansion, a significant jump from the 2% recorded a year earlier.
Meanwhile, non-oil GDP grew by 7.8%, as solid performances in agriculture and other sectors helped cushion the impact of declining oil production.
According to Government Statistician Alhassan Iddrisu, who released the figures, the data reflect a firming recovery from what he described as Ghana’s most severe economic downturn in decades.
In addition to the growth figures, inflation continued to ease, dropping to 11.5% in August—its lowest level since October 2021.
Notably, this figure outperformed the Finance Ministry’s target of 11.9% by year-end, indicating progress in the government’s efforts to stabilise prices and restore macroeconomic confidence.
This growth marks a clear acceleration in the country’s post-crisis recovery efforts.
