"Ghana’s economy expands by 6.3% in Q2 2025" — Government Statistician

Ghana’s economy recorded a robust growth of 6.3% in the second quarter of 2025, up from 5.7% in the same period last year, signaling continued recovery and expansion across key sectors.

This was revealed by the Government Statistician, Dr. Alhassan Iddrisu, during the release of the 2025 Q2 Gross Domestic Product (GDP) estimates.

According to Dr. Iddrisu, the provisional real GDP for the period stood at GH¢47.4 billion, compared to GH¢44.6 billion in Q2 2024.

The non-oil real GDP also saw a strong performance, growing by 7.8% to GH¢45.7 billion, reflecting a resilient non-oil economy.

“This means the economy produced more goods and services than it did in the same period last year. It is a positive sign of growth and recovery,” Dr. Iddrisu stated.

In nominal terms, Ghana’s GDP reached GH¢321.0 billion in Q2 2025, up from GH¢258.9 billion in Q2 2024, while the non-oil nominal GDP rose to GH¢313.3 billion, compared to GH¢244.7 billion a year ago.

The services sector led the growth trajectory, with Information & Communication expanding by 21.3%, followed by Education (16.6%), Health & Social Work (14.5%), and Finance & Insurance (9.7%).

These sectors, along with manufacturing, crops, and construction, contributed a combined 77.6% to the overall GDP growth.

The agriculture sector also maintained its momentum, growing by 5.2%, compared to 3.5% in Q2 2024.

Notably, the livestock sub-sector posted the highest growth within agriculture at 5.9%.

However, the industrial sector experienced a slowdown, recording a growth of only 2.3%, sharply down from 12.2% in Q2 2024.

This was largely due to a significant contraction in the oil and gas sub-sector, which declined by 22.5%.

“The sharp drop in oil and gas output pulled down overall industry growth, even though electricity generation remained relatively strong at 6.7%,” Dr. Iddrisu noted.

Other contracting sectors included Mining & Quarrying (-1.8%) and Real Estate (-1.8%).

The Ghana Statistical Service (GSS) indicated that all GDP estimates from 2013 Q1 to 2022 Q4 have been finalized. Estimates from 2023 Q1 to 2025 Q1 are now revised, while 2025 Q2 remains provisional.

Seasonally adjusted, the real GDP grew by 1.4% in Q2 2025 from 1.6% in the previous quarter — the highest Q2 growth rate since 2019, according to Dr. Iddrisu.

Dr. Iddrisu emphasized that the GDP figures carry significant implications for government policy, business strategy, and household planning.

• For households, he advised skills development in fast-growing sectors like ICT, education, and health to tap into emerging job opportunities.

• For businesses, he encouraged diversification beyond oil and gas, and investment in digital and service-oriented solutions.

• For government, he recommended prioritizing infrastructure and energy investments to sustain multi-sector growth and deploying data-driven approaches to anticipate shocks, particularly in the oil sector.

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“GDP is more than a number. It is a signal to households, businesses, and policymakers about the direction of our economy and where the opportunities lie,” he concluded.

The GDP estimates are compiled using the production and expenditure approaches, incorporating administrative data from ministries, departments, agencies, and business establishments.

The data is presented in both nominal and real terms, with adjustments made for inflation, seasonal variations, and other economic factors.

Story by: Joshua Kwabena Smith