Ghana’s economic activity grew by 6.8% in August 2026, compared with 5.3% recorded during the same period in 2025, largely supported by strong performance in the services sector, according to the Ghana Statistical Service (GSS).
The latest Monthly Indicator of Economic Growth (MIEG), released on Wednesday, November 11, 2026, showed that the economic activity index increased from 108.0 in August 2025 to 115.4 in August 2026.
The services sector led the expansion, posting year-on-year growth of 10.7%, up from 7.1% recorded in August last year.
The services sector accounted for 69.9% of the overall expansion in economic activity, highlighting its significant role in driving Ghana’s economic performance during the period.
The GSS attributed the sector’s strong showing largely to growth in the Information and Communication subsector.
The industrial sector also posted stronger growth, expanding by 4.5% in August 2026, compared with 0.8% recorded in the same period last year.
The improvement was largely driven by manufacturing, with further contributions from mining and quarrying. Industry accounted for 21.2% of total economic growth.
Agriculture, however, recorded a decline in its growth rate, slowing to 2.6% from 8.6% in August 2025.
The GSS said the sector’s performance was supported by the crops and livestock subsectors. Agriculture contributed 6.8% to overall economic growth, while net taxes on products accounted for the remaining 2.1%.
The latest data show improved performance in the services and industrial sectors, while agricultural growth slowed sharply compared with the same period in 2025.
The GSS said the Monthly Indicator of Economic Growth (MIEG) tracks changes in economic activity on a monthly basis, providing an early picture of the economy ahead of the release of quarterly Gross Domestic Product (GDP) figures.
The indicator is compiled using monthly production data and administrative records from sectors covered by the quarterly GDP framework. The figures are adjusted for inflation using the Consumer Price Index (CPI) and Producer Price Index (PPI).
The GSS noted that the MIEG remains an experimental statistical measure and may be refined or revised as additional and more comprehensive data become available.
It disclosed that the July 2026 growth figure had been adjusted from 7.4% to 7.0% following the incorporation of new data.
The Service added that the August 2026 figures are provisional, with the next update, covering September 2026, expected on December 9, 2026.
