Ghana’s economy grows 3.8% in October 2025, driven by services and industry

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

The data point to year-on-year growth in economic output, reflecting 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, slightly below the 5.6% recorded a year earlier. Despite the marginal slowdown, the sector contributed a dominant 74.7% of total economic growth, supported primarily by communication, wholesale, and retail trade subsectors.

The Industry sector showed marked improvement, growing by 3.0% compared to just 0.4% in October 2024. This reflects broader expansion in industrial activity and contributed 28.7% to overall growth for the month.

Agriculture, in contrast, recorded slower growth of 0.9%, down from 2.1% a year earlier, contributing only 1.3% to the overall growth rate.

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. The GSS notes that the MIEG offers a timely snapshot of short-term economic trends, complementing quarterly and annual GDP estimates used for broader policy analysis.