Services drive 7.4% expansion in Ghana’s economic activity

Ghana's economic activity expanded by 7.4% year-on-year in July 2026, according to the Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS). This marks a significant increase from 4.9% in the same period last year. The service sector remained the primary driver of the expansion, growing by 12.2% year-on-year, compared to 6.7% in July 2025.

Information and communication technologies led this sector's growth. Industry also showed a recovery, with a 5.4% increase, up from 0.4% in July 2025, largely driven by mining and quarrying. Agriculture, however, slowed down, expanding by 3.7% in July, a decline from 8.2% a year earlier, with crops and livestock being the main contributors.

The data suggests a stronger overall economic activity, but also highlights disparities in sectoral performance. While services continue to propel growth, the slowdown in agriculture prompts questions about maintaining economic momentum across the broader economy. The GSS data emphasizes the need to sustain service sector growth while bolstering agriculture and expanding the contributions of other productive sectors to economic growth.