Economic activities in Ghana expand by 6.8% in August –GSS
Ghana’s economic activity expanded by 6.8 per cent in August 2026, compared with 5.3 per cent recorded during the corresponding period in 2025, the Ghana Statistical Service (GSS) has said. The expansion was largely driven by strong growth in the services sector, according to the latest Monthly Indicator of Economic Growth (MIEG) report, released by […] The post Economic activities in Ghana…
In August 2026, Ghana's economic activity experienced a notable expansion of 6.8 percent, as reported by the Ghana Statistical Service (GSS). This increase marked a significant jump from the 5.3 percent growth recorded in the same period of 2025, as highlighted in the Monthly Indicator of Economic Growth (MIEG) report. The report, released on Wednesday, indicated that the overall economic activity index rose from 108.0 in August 2025 to 115.4 in August 2026.
The services sector emerged as the primary driver of this growth, recording a year-on-year expansion of 10.7 percent, a substantial rise from the 7.1 percent growth observed in August 2025. Services accounted for a substantial 69.9 percent of the total economic growth, with the Information and Communication subsector playing a key role.
The industrial sector also exhibited improvement, growing by 4.5 percent in August 2026, up from the 0.8 percent increase in the same period last year. Manufacturing was the leading contributor to this industrial growth, with mining and quarrying providing additional support, contributing 21.2 percent to overall economic growth.
Agriculture, however, showed a slower growth rate of 2.6 percent, compared to the 8.6 percent growth in August 2025. This sector's performance was largely driven by crops and livestock. The sector's contribution to economic growth was 6.8 percent, while net taxes on products accounted for the remaining 2.1 percent. The GSS explained that the MIEG serves as a monthly measure of economic activity changes, providing early indications of economic movements ahead of the quarterly Gross Domestic Product release.
The indicator utilizes monthly volume indicators and administrative records across economic activities encompassed in the quarterly GDP system, with data adjusted for inflation using latest Consumer Price Index and Producer Price Index figures. The GSS noted that the MIEG remains an experimental statistic, subject to ongoing improvement and revisions as more comprehensive data becomes available.
The July 2026 growth rate had previously been revised from 7.4 percent to 7.0 percent. The August figures are provisional, with the next release, covering September 2026, scheduled for December 9, 2026.
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