Ghana’s economy grows 3.8% in October 2025 as services sector dominate

Ghana’s economy grows 3.8% in October 2025 as services sector dominate – GSS

Ghana’s economy recorded a provisional growth rate of 3.8% in October 2025, up from 3.0% in the same period last year, according to the Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).

The latest data point to a year-on-year expansion in economic output, signalling a stronger overall performance compared to October 2024, largely driven by sustained activity in the services and industry sectors.

The Services sector remained the main growth driver, expanding by 5.5% in October 2025, marginally lower than the 5.6% recorded a year earlier. Despite the slight slowdown, the sector accounted for a dominant 74.7% of total economic growth, supported mainly by communication, wholesale and retail trade subsectors.

The industry sector posted a notable improvement, recording growth of 3.0%, a sharp rise from 0.4% in October 2024. This stronger performance reflects a broader expansion in industrial activity and contributed 28.7% to the overall growth rate for the month.

In contrast, Agriculture growth slowed significantly to 0.9%, compared to 2.1% in the same period last year. The data suggest that the pace of economic activity within the agriculture sector was less pronounced, contributing just 1.3% to the overall growth recorded in October.

Overall, the October 2025 MIEG figures indicate a steady recovery in economic momentum, underpinned by resilient services activity and improving industrial performance, even as agriculture continues to lag behind other sectors. The GSS notes that the MIEG provides a timely snapshot of short-term economic trends, complementing quarterly and annual GDP estimates used for broader policy analysis

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