Ghana’s economy showed steady resilience in 2025, recording an overall growth rate of 6.0%, driven largely by strong performance in non-oil sectors such as services and agriculture.
New provisional figures released by the Ghana Statistical Service indicate that growth picked up toward the end of the year. In the fourth quarter alone, real GDP expanded by 5.8%, a notable improvement from the 4.0% recorded during the same period in 2024.
The data points to a gradual shift in Ghana’s economic structure, with less dependence on oil and greater support coming from domestic industries. Non-oil GDP grew by 7.1% in the final quarter of 2025, highlighting the increasing strength of sectors outside petroleum.
Agriculture also played a key role in the rebound. The sector grew by 5.3%, largely fueled by crop production, which rose by 6.6%. Cocoa—one of Ghana’s most important exports—returned to growth at 3.0% after a sharp decline the previous year, offering some relief to farmers and exporters.
While the industrial sector saw modest improvement, expanding by 1.9%, it continued to face challenges. A significant drop in oil and gas production, which contracted by 16.8%, weighed heavily on overall industrial output. However, this was partly balanced by gains in manufacturing, which grew by 6.1%, and a strong increase in electricity generation at 12.2%.
The services sector remained the backbone of the economy. It expanded by 8.6% in the fourth quarter and accounted for just over half of Ghana’s total GDP. More importantly, it contributed nearly two-thirds of overall economic growth, underlining its central role in job creation and business activity.
These trends suggest that Ghana’s economy is becoming more diversified, with sectors like trade, finance, agriculture, and energy playing a bigger role in sustaining growth—even as the oil industry faces ongoing volatility.
For ordinary Ghanaians, this broader growth base could translate into more stable economic opportunities, though experts say maintaining momentum will depend on continued investment, policy consistency, and support for key sectors.
Source: Africa Publicity
