By Prince Antwi
Copyright ghanaguardian
Ghana’s economy grew 6.3% year-on-year in the second quarter of 2025, up from a revised 5.7% in the same period last year, according to new figures from the Ghana Statistical Service (GSS).
The rebound was largely powered by the services sector—including finance, insurance, trade, and education—which expanded 9.9%, a sharp rise compared to 2% growth in Q2 2024.
Non-oil GDP also performed strongly, rising 7.8%, as gains in agriculture and other industries offset a contraction in oil production.
Government Statistician Alhassan Iddrisu, who announced the results, said the data reflects a continued recovery from what he described as Ghana’s deepest economic crisis in decades.
Inflation also provided a boost to sentiment, easing to 11.5% in August, the lowest since October 2021 and slightly below the Finance Ministry’s year-end target of 11.9%.
The stronger-than-expected growth is seen as a positive signal for investors as the government pursues IMF-backed reforms aimed at sustaining economic stability and restoring confidence.
