Ghana’s economy experienced a year-on-year growth of 6.3% in the second quarter of 2025, an increase from a revised 5.7% the previous year, as reported by the Ghana Statistical Service.
This recovery was driven by the services sector, which includes finance, insurance, trade, and education, showing a remarkable growth of 9.9% compared to only 2% during the same period last year.
Non-oil GDP rose by 7.8%, with improvements in agriculture and other sectors mitigating the decline in oil production.
Alhassan Iddrisu, the Government Statistician who published the data, remarked that these figures indicate a robust recovery from Ghana’s most severe economic crisis in decades.
Inflation has also been on a downward trend, decreasing to 11.5% in August, the lowest level since October 2021, surpassing the Finance Ministry’s year-end target of 11.9%.
The unexpectedly strong growth is anticipated to enhance investor confidence as policymakers strive to maintain stability and implement IMF-supported reforms.
