Home Business Ghana’s economy records 6.4% growth in first quarter of 2026

Ghana’s economy records 6.4% growth in first quarter of 2026

Ghana’s economy records 6.4% growth in first quarter of 2026
Ghana’s economy records 6.4% growth in first quarter of 2026

Ghana’s economy records 6.4% growth in first quarter of 2026 | Ghana’s economy expanded by 6.4% in the first quarter of 2026, according to the latest figures released by the Ghana Statistical Service (GSS), reflecting continued resilience across key sectors of the economy.

The growth rate marks a modest improvement from the 6.2% recorded during the same period in 2025, signalling sustained momentum in economic activity despite ongoing domestic and global challenges.
Presenting the data, Government Statistician, Dr. Alhassan Iddrisu, noted that the services sector remained the primary driver of growth during the quarter, while non-oil Gross Domestic Product (GDP) increased by 6.3%, highlighting broad-based expansion across the economy.

According to the GSS, the services sector grew by 7.1%, supported by strong performances in information and communication, which expanded by 25.2%, transport and storage at 13%, and trade at 7%.

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The industrial sector also recorded robust growth of 6.9%, up from 4.1% in the corresponding period of 2025. Mining and quarrying drove the improvement with a growth rate of 10.7%, while the oil and gas industry contributed to the expansion by rebounding and recording 7% growth
Agriculture expanded by 4% during the quarter. However, overall sector performance was partly constrained by a significant contraction of 18.5% in the fishing sub-sector.

Dr. Iddrisu further disclosed that seasonally adjusted GDP grew by 1.6% on a quarter-on-quarter basis, indicating that economic momentum remained positive throughout the period.
He also pointed to sustained improvements in the Composite Index of Economic Activity (CIEA), which recorded growth rates of 6.1% in January, 7.7% in February, and 5.4% in March.

According to him, the latest data underscores the importance of maintaining macroeconomic stability, accelerating infrastructure development, deepening digital transformation and strengthening private sector-led growth. At the same time, he stressed the need to address persistent weaknesses in sectors such as fishing, accommodation and food services, as well as water and sewerage.

Ghana’s economy records 6.4% growth in first quarter of 2026 | AviationGhana

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