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Economy Grows 3.8% in October 2025 as Services Sector Dominates – GSS

 

Ghana’s economy expanded by a provisional 3.8% in October 2025, up from 3.0% in October 2024, per the Ghana Statistical Service’s (GSS) Monthly Indicator of Economic Growth (MIEG).

This year-on-year gain signals stronger output, fueled mainly by services and industry.

Services Lead the Charge

The services sector grew 5.5% slightly off 5.6% from last year but dominated with 74.7% of total growth. Communication, wholesale, and retail trade drove this resilience.

Industry Rebounds Strongly

Industry surged to 3.0% growth from just 0.4% a year prior, accounting for 28.7% of the month’s expansion and highlighting broader industrial gains.

Agriculture Lags Behind

Agriculture slowed to 0.9% from 2.1%, contributing only 1.3% to overall growth amid subdued activity.

The MIEG underscores steady recovery through robust services and improving industry, despite agricultural weakness. GSS says it offers timely insights into short-term trends, supporting quarterly and annual GDP analysis for policy.

Story by: Mercy Addai Turkson #ahotoronline.com

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