Accra: Ghana’s economy expanded by 6.3% in the second quarter of 2025, surpassing the 5.7% growth recorded during the same period last year. This growth indicates an increase in the production of goods and services compared to 2024.
According to Ghana News Agency, Acting Government Statistician Dr. Alhassan Iddrisu highlighted the growth as a sign of economic recovery, noting that the agriculture sector continued to thrive, with a 5.2% growth in Q2 2025 compared to 3.5% in Q2 2024. Livestock, in particular, showed a significant increase, growing by 5.9% compared to 4.7% in the previous year.
Meanwhile, industry growth slowed to 2.3% in Q2 2025 from 12.2% in Q2 2024, largely due to a sharp decline in the oil and gas sector by 22.5%. However, electricity production showed resilience, growing by 6.7%, slightly down from 6.9% in Q2 2024, indicating increased power production to support overall growth.
The services sector, which constituted the largest share of the GDP at 42% in Q2 2025, grew significantly by 9.9%, up from 2.0% in Q2 2024, with the ICT sector leading at 21.3% growth. Services, including ICT, Education, Finance and Insurance, and Trade, contributed 52.2% to the economy’s Q2 2025 growth.
Dr. Iddrisu noted that excluding the impact of oil and gas, the economy grew by 7.8% in Q2 2025 compared to 5.7% in Q2 2024, suggesting a more balanced economy with less reliance on oil. Key drivers of GDP growth included Information and Communication, Education, Crops, Manufacturing, Finance and Insurance, and Construction, which together contributed 77.6% of the 6.3% growth.
He also pointed out that the country’s provisional real GDP increased by 1.4% in Q2 2025, down from 1.6% in Q1 2025, marking the highest Q2 growth since 2019. Dr. Iddrisu recommended that households enhance skills in fast-growing sectors like ICT, education, and health, and support local agriculture by purchasing Ghana-made food products to boost farmers’ output.
Furthermore, he encouraged businesses to invest in digital and service-oriented solutions, urged diversification beyond oil-related industries, and advised aligning production with rising household demand for food, health, and technology. Dr. Iddrisu called on the government to prioritize infrastructure and energy investments to sustain growth, particularly in industry and services, and advocated for strengthened data-driven monitoring to anticipate shocks in oil and gas while supporting non-oil growth engines.