Ghana’s economy, according to the latest MPC report, continues to demonstrate strong growth, driven largely by both the services and agricultural sectors at the domestic level.
The latest release from the Ghana Statistical Service for the second quarter of 2025 indicates that the country’s economy is experiencing real GDP growth of 6.3 percent, compared to 5.7 percent recorded in the same quarter of 2024.
Excluding oil, GDP grew at a much faster pace of 7.8 percent relative to 5.7 percent over the same comparative period.
Speaking at the 126th MPC meetings press briefing in Accra, on Wednesday, 17th September, 2025, the Governor, Dr. Johnson Asiama, said, “the services sector grew by 9.9 percent, while the agriculture sector expanded by 5.2 percent”.
According to him, the Bank’s high-frequency indicators continue to point to sustained momentum in economic activity and “The Composite Index of Economic Activity (CIEA) recorded an annual growth of 6.1 percent in July 2025 compared to 1.9 percent in July 2024, on the back of international trade activities, consumption, and industrial production”.
Also, the latest confidence surveys conducted in August 2025 reflected sustained improvement in sentiments, and the consumer confidence in the economy remained strong, despite some softening of the index, while business confidence further picked up as firms met their short-term targets and expressed optimism about company and industry prospects.
Similarly, “Ghana’s Purchasing Managers’ Index (PMI) went up in August, signaling an increase in new orders as business conditions improved”, the Governor noted.
