Ghana’s economy grows 5.1% in May 2026 as growth pace slows

Ghana's economy expanded by 5.1% in May 2026, according to the latest data from the Ghana Statistical Service, although the rate of growth has slowed compared to the previous year. The growth rate in May 2026 was 1.5 percentage points lower than the 6.6% recorded in May 2025. Despite the deceleration, the economy continued to expand, with the services sector leading the growth, expanding by 7.2% in May 2026, up from 7.5% a year earlier.

Information and communication activities played a significant role in the sector's performance, reflecting the increasing importance of digital and communication-related activities. The services sector contributed more than half of the overall growth, sustaining its status as the leading growth sector in Ghana. However, the agriculture sector saw a notable slowdown, with growth decelerating to 3.6% in May 2026 from 9.8% in the same period of the previous year.

This decline is particularly significant given the sector's vital role in employment, livelihoods, and food production, especially in rural areas. The industry sector also grew by 4.2% in May 2026, down from 4.6% a year earlier, with mining and quarrying being the primary contributors to this growth. While Ghana's economy remains on an expansion trajectory, the slower growth across these key sectors underscores the necessity for sustained efforts to bolster economic activity and productivity.