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Ghana’s economy expands 4.5% in July 2025 as GSS introduces new growth tracker

 


Ghana’s economy grew by 4.5 percent year-on-year in July 2025.

This is according to data from the Ghana Statistical Service (GSS), which released the maiden edition of its Monthly Indicator of Economic Growth (MIEG) — a new analytical tool designed to provide a more frequent snapshot of the country’s economic performance between quarterly GDP releases.

The index rose from 105.4 in July 2024 to 110.2 in July 2025, indicating continued momentum in economic activity despite global and domestic headwinds.

However, the figure represents a slowdown from the 8.3% growth recorded in July 2024, indicating a moderation in the pace of economic activity despite continued expansion across key sectors.

Speaking at a press briefing in Accra, the Government Statistician, Dr. Alhassan Iddrisu, highlighted that the agriculture sector was the key driver of growth, expanding by 8.0 percent, supported by improved crop yields and increased productivity in food staples.

The industrial sector, however, recorded a marginal growth of 0.1 percent, due to challenges in energy supply and manufacturing output, while the services sector maintained moderate gains.

Dr. Iddrisu explained that the MIEG will serve as an early indicator of shifts in economic activity, enabling policymakers, investors, and businesses to make more timely and informed decisions.

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