Ghana’s economy grew by 5.3% in the first quarter of 2025, up from the 4.9% recorded during the same period in 2024.
The non-oil GDP growth rate stood at 6.8%, reflecting stronger performance in sectors outside the oil industry.
According to the Ghana Statistical Service (GSS), the growth was largely driven by robust activity in the Services sector and a rebound in the Agricultural sector.
However, the Industry sector experienced slower growth of 3.4%, mainly due to subdued performance in the oil and gas subsector.
Speaking to journalists in Accra, the Government Statistician, Dr. Alhassan Iddrisu, described the data as an indication of a positive economic trend.
“All sectors recorded growth except the Industry sector, which saw a contraction. This was driven by oil and gas. Growth in the Services sector was led by the ICT sector, followed by the Financial and Insurance sub-sectors,” he explained.
The top five expanding sub-sectors of the economy were Fishing, ICT, Finance and Insurance, Transport and Storage, as well as Health and Social Work.