Ghana's economic activity expanded by 7.4% in July 2026

Ghana’s economic activity grew by 7.4% year-on-year in July 2026, marking a significant increase from 4.9% in the same period last year, according to data released by the Ghana Statistical Service (GSS). The Monthly Indicator of Economic Growth (MIEG) revealed that the index climbed to 121.6 in July, up from 113.2 a year earlier.

Services emerged as the primary catalyst for this expansion, expanding at a robust 12.2% year-on-year, compared to 6.7% in July 2025. This sector contributed 63.8% of the growth observed during the period, with information and communication technologies leading the charge in the services sector. Industry also rebounded, growing by 5.4% compared to the 0.4% expansion recorded in July 2025, primarily driven by mining and quarrying activities.

Conversely, agriculture experienced a slowdown, expanding by 3.7% in July, down from the 8.2% growth seen a year prior, as crops and livestock production rates were unable to sustain the sector’s increase. These figures underscore a more robust overall economic activity, yet they also highlight sector-specific disparities. While services continue to spearhead economic growth, the decline in agriculture prompts inquiries into strategies to sustain broader economic expansion.

The GSS data emphasizes the critical need to maintain the current momentum in services while simultaneously bolstering agriculture and expanding the contributions of other productive sectors to foster sustainable economic growth.