Ghana’s economy grew by 6.3 per cent year on year in the second quarter of 2025, rebounding from a revised 5.7 per cent in the same period last year, propelled by a robust expansion in the services sector.

Government statistician Alhassan Iddrisu said the services industry — which includes finance, insurance, trade and education — surged by 9.9 per cent, contributing four percentage points to overall growth. “It contributed the most growth in the quarter,” he noted during a press briefing.

Non-oil GDP rose 7.8 per cent, supported by agricultural gains, while the oil sector contracted, reflecting ongoing challenges in energy production. Analysts view the performance as part of Ghana’s recovery from its most severe economic crisis in decades.

Inflation continues to ease, slowing to 11.5 per cent in August, its lowest level since October 2021, while the finance ministry projects year-end inflation of 11.9 per cent.

The positive economic indicators reflect Ghana's ongoing structural transformation, with a shift towards a more diversified economy. The services sector's expansion, in particular, highlights the country's progress in modernizing its economic base. However, challenges remain, including fiscal consolidation efforts and the need for continued investment in infrastructure and human capital to sustain growth.