Ghana’s economy expanded by 5.3% in the first quarter of 2025, surpassing the 4.9% growth recorded in the same period of 2024.
The non-oil growth rate stood at an impressive 6.8%, reflecting a strong performance in key sectors.
According to the Ghana Statistical Service (GSS), the Services sector played a significant role in driving this growth, alongside a notable rebound in Agriculture.
However, the Industry sector saw slower growth, recording a modest 3.4% due to reduced activity in the oil and gas industry.
Speaking to journalists in Accra, Government Statistician Dr. Alhassan Iddrisu highlighted the positive signs in the economy. “All sectors recorded growth, apart from the Industry sector, which recorded a contraction. This is driven by oil and gas. Growth in the services sector was dominated by the ICT sector, followed by the Financial and Insurance sub-sectors,” he stated.
The fastest-expanding sub-sectors in the economy included Fishing, ICT, Finance and Insurance, Transport and Storage, as well as Health and Social Work.
With the Services sector showing strength and Agriculture rebounding, experts believe Ghana’s economic outlook remains optimistic despite challenges in the oil and gas sector.
