Ghana’s Economy Expanded by 5.5% in the Third Quarter, Reports Statistics Agency

Ghana’s economy demonstrated robust growth, expanding by 5.5% year-on-year in the third quarter of 2025, as reported by the Ghana Statistical Service. This growth reflects a continuation of the positive trajectory from earlier in the year, largely driven by the services sector, which has seen significant expansions in information and communication technology, financial services, and trade. These sub-sectors underscore the resilience and diversification of Ghana’s economy.

In light of these positive indicators, the Bank of Ghana adjusted its monetary policy, reducing the policy rate by 350 basis points to 21.5% in September 2025 to stimulate investment and consumption. This decision was informed by ongoing disinflationary trends and improved macroeconomic conditions, aiming to bolster economic activity further.

The industrial sector also showed favorable momentum, particularly through construction, mining, and quarrying, fueled by both domestic and international demand. Agriculture, a cornerstone of Ghana’s economy, remained resilient, supported by favorable weather and improved farming practices, enhancing food security and providing raw materials for manufacturing.

Inflation reached 11.5% in August 2025, its lowest in nearly four years, attributed to effective monetary policies and a stable currency, which helped maintain consumer confidence. The International Monetary Fund (IMF) forecasted a 4% growth rate for Ghana by the end of 2025, slightly below the government’s target of 4.4%. However, the IMF projects growth could accelerate to 4.8% in 2026, suggesting a positive long-term outlook.

Overall, Ghana’s economic performance reflects effective policy measures and sector resilience, positioning the country for sustained growth through ongoing reforms and diversification efforts.