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Ghana’s economy expands by 6.4% in Q1 2026

 Economy, GhanaGhana’s economy expanded by 6.4% in the first quarter of 2026, according to the latest data released by the Ghana Statistical Service.

This represents a slight increase from the 6.2% recorded in the corresponding period of 2025, pointing to continued resilience in economic activity.

Presenting a breakdown of the figures, Government Statistician, Dr. Alhassan Iddrisu, said the services sector remained the dominant driver of growth during the period.

He noted that non-oil Gross Domestic Product (GDP) expanded by 6.3%, indicating broad-based economic performance across key sectors.

According to him, the services sector recorded the highest growth of 7.1%, supported by strong performances in information and communication, which grew by 25.2%, transport and storage at 13%, and trade at 7%.

The industrial sector also saw a significant improvement, growing by 6.9% compared to 4.1% in the same period last year. This was driven by mining and quarrying, which expanded by 10.7%, as well as a rebound in oil and gas production, which recorded 7% growth.

Agriculture grew by 4% over the period, although its performance was weighed down by a sharp contraction of 18.5% in the fishing sub-sector.

Dr Iddrisu further indicated that seasonally adjusted GDP grew by 1.6% quarter-on-quarter, reflecting sustained economic momentum.

He also noted that the monthly Composite Index of Economic Activity (CIEA) remained positive throughout the quarter, recording 6.1% growth in January, 7.7% in February, and 5.4% in March.

According to him, the data points to the need for continued macroeconomic stability, accelerated infrastructure development, deeper digital transformation, and stronger private sector-led growth, while addressing weaknesses in fishing, accommodation and food services, and water and sewerage.

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