Ghana’s economy grew by 5.1% in May 2026, although the pace of expansion slowed compared with the same period in 2025.
The latest Monthly Indicator of Economic Growth (MIEG) from the Ghana Statistical Service (GSS) shows that the May 2026 growth rate was 1.5 percentage points lower than the 6.6% recorded in May 2025.
The GSS, however, clarified that the slowdown does not mean the economy contracted. Rather, the economy continued to expand but at a slower rate than it did a year earlier.
The services sector remained the main driver of growth, expanding by 7.2% in May 2026, compared with 7.5% in May 2025.
Information and communication activities were among the key contributors to the sector’s performance, highlighting the growing role of digital and communications-related activities in the economy.
The services sector accounted for more than half of the overall growth recorded during the month, maintaining its position as Ghana’s leading growth sector.
Agriculture recorded growth of 3.6%, a significant slowdown from the 9.8% recorded in May 2025.
The decline is notable given the sector’s importance to employment, livelihoods and food production, particularly in rural communities.
The industry sector, meanwhile, grew by 4.2% in May 2026, compared with 4.6% a year earlier.
Mining and quarrying were the main contributors to industrial growth, underscoring the continued importance of extractive activities to the economy.
The latest figures indicate that while Ghana’s economy remains on an expansion path, the slower growth across key sectors points to the need for sustained measures to support economic activity and productivity.
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