Ghana’s Economy Expands 6.3% in Q2 2025, Services and Agriculture Lead Growth.

Ghana’s economy recorded a 6.3% growth rate in the second quarter of 2025, compared to 5.7% in Q2 2024, according to Acting Government Statistician Dr. Alhassan Iddrisu. The growth reflects strong momentum in the services and agriculture sectors, offsetting sharp declines in oil and gas.

Agriculture: Farmers Driving Recovery

Agriculture grew 5.2% in Q2 2025, up from 3.5% in Q2 2024. Livestock was the fastest-growing subsector, expanding 5.9% compared to 4.7% last year.

“This is good news for farmers and food prices,” Dr. Iddrisu noted, stressing agriculture’s role in stabilizing growth and improving food security.

Industry: Oil Weakens, Power Strengthens

Industry slowed sharply, growing only 2.3% compared to 12.2% in Q2 2024. The decline was driven by a steep 22.5% contraction in oil and gas, though electricity output grew 6.7%, supporting broader economic activity.

Services: The New Engine of Growth

The services sector accounted for 42% of GDP in Q2 2025 and grew a remarkable 9.9%, up from just 2.0% in Q2 2024.

• ICT led the charge, expanding 21.3%.
• Education, Finance & Insurance, and Trade also recorded strong gains.
  Collectively, services contributed 52.2% of total GDP growth in the quarter.

Balanced Growth Beyond Oil

Excluding oil and gas, non-oil GDP rose 7.8%, compared to 5.7% last year, showing Ghana’s growing resilience and diversification.
Key growth drivers included ICT, Education, Crops, Manufacturing, Finance & Insurance, and Construction, which together contributed 77.6% of overall growth.

Long-Term Outlook and Policy Recommendations

Dr. Iddrisu emphasized that Q2 2025 marks Ghana’s highest second-quarter growth since 2019, signaling a strong post-crisis recovery.

He urged:

• Households → build skills in ICT, health, and education; buy more local food to support farmers.
• Businesses → invest in digital and service-oriented solutions; diversify beyond oil.
• Government → strengthen infrastructure, energy, and data-driven monitoring to sustain growth.

“Strengthen data-driven monitoring to anticipate shocks in oil and gas while supporting non-oil growth engines,” he added.