Ghana’s economy grew by 5.1% in August 2025, led primarily by robust expansion in the services sector, the Ghana Statistical Service (GSS) reported in its latest Monthly Indicator of Economic Growth (MIEG).
The provisional MIEG index for August reached 108.0, rising from 102.7 in the same month last year, reflecting sustained economic momentum. Government Statistician Dr. Alhassan Iddrisu explained that this high-frequency tool tracks monthly shifts in economic activity and provides early insight ahead of quarterly GDP reports.
The services sector was the main growth engine, expanding by 9.6% year-on-year and contributing 4.08 percentage points to the overall rise. Key drivers included increased activity in information and communication, education, wholesale and retail trade, and transport and storage.
Agriculture also posted strong growth at 7.4%, propelled by higher crop production and fish catch volumes, adding 1.39 percentage points to the total growth figure.
In contrast, the industry sector shrank by 1.8%, despite a rise in gold production. Declines in petroleum output and manufacturing dampened industrial performance, subtracting 0.62 percentage points from overall growth.
The July 2025 MIEG was revised downward to 3.7% from an earlier 4.5%, reflecting updated data in mining, manufacturing, trade, accommodation, food services, and transportation.
The GSS noted that the MIEG remains provisional and is subject to revision for up to two years as more comprehensive data becomes available. Because the indicator is not seasonally adjusted, month-on-month comparisons are avoided due to seasonal factors like crop cycles and holidays.
Future reports will include longer time series and more detailed sub-sector breakdowns. The next update, covering September 2025 and third-quarter GDP figures, is scheduled for December 10.
Story by: Mercy Addai Turkson #ahotoronline.com