Ghana’s economy grew by 5.5% in the third quarter of 2025, according to newly released data from the Ghana Statistical Service.

The latest figures show continued momentum in economic activity but indicate a slowdown compared with the 7.0% growth recorded in the same quarter of 2024.

The Statistical Service noted that growth was broad-based but concentrated in a few key sectors.

ICT, crops, trade, transport and storage, manufacturing, and education contributed roughly 86% of the overall expansion, highlighting their importance in sustaining output amid tighter credit conditions and a high-cost operating environment.

Government Statistician Dr. Alhassan Iddrisu, while providing the breakdown of the GDP numbers on Wednesday, December 10, 2025, said that services are still Ghana’s largest driver of the economy’s growth.

“Industry grew by 0.8% in the third quarter of 2025, compared to 0.4% in the same period last year. The oil and gas sector draft industrial growth with a contraction of about 18.2%, but manufacturing grew strongly with 3.9% compared to 7.4% last year of the same period.

“Services remained the strongest part of the economy. The sector grew by 7.6% contributing to the largest share of the economy of 40%, and contributed the most to the quarter three growth at 55.3%,” he said.