The Government Statistician, Dr. Alhassan Iddrisu, has indicated that Ghana’s economy is recovering, based on the first-quarter Gross Domestic Product (GDP) estimates.
According to him, the figures are a sign of growth and recovery for the Ghanaian economy.
Dr. Iddrisu made the disclosure when he released the first-quarter GDP estimates in Accra.
Ghana’s economy grew by 5.3% in the first quarter of 2025, compared to 4.9% recorded during the same period in 2024.
On a quarter-on-quarter basis, the economy expanded by 1.4% in the first quarter of 2025, compared to 0.9% in the first quarter of 2024.
“We can also say that the development shows that the economy is expanding in all areas,” Dr. Iddrisu said.
Growth Drivers
According to him, Crops, Information and Communication, Manufacturing, and Trade and Repair of Vehicles were some of the main drivers of first-quarter growth.
He added that Household Goods, Transport and Storage, and Finance and Insurance also significantly contributed to the GDP performance.
The Ghana Statistical Service stated that these sub-sectors contributed about 84.5% of the 5.3% growth recorded in the first quarter of 2025.
Breakdown
The Fishing sector grew by 16.4% in the first quarter of 2025.
Information and Communication posted 13.1% growth, Finance and Insurance grew by 9.3%, Transport and Storage by 8.6%, and Health and Social Work by 7.3%.
Performance of Various Sectors
The Agriculture sector recorded the highest real GDP growth of 6.6% year-on-year, followed by the Services sector at 5.9%, while the Industry sector recorded a growth rate of 3.4%.
However, the Services sector remains the largest component of the Ghanaian economy in Q1 2025, accounting for 46.8% of GDP at basic prices.
The GDP shares of Industry and Agriculture were 29.7% and 23.5%, respectively.