Ghana’s economy expanded by 6.3% year-on-year in the second quarter of 2025, up from a revised 5.7% in the same period last year, the national statistics agency said on Wednesday.
The services sector, covering finance, insurance, trade, and education, recorded robust growth of 9.9% compared to 2% a year earlier, government statistician Alhassan Iddrisu told reporters.
“In fact, it contributed the most growth in the quarter. It contributed four percentage points to the 6.3% growth we recorded,” Iddrisu said.
Non-oil Gross Domestic Product (GDP) rose by 7.8%, supporting overall expansion, while agriculture also grew while oil output contracted.
The gold, oil and cocoa-producing nation was gradually recovering from its worst economic crisis in decades.
Inflation reduced to 11.5% in August, the lowest since October 2021, with the finance ministry was it was targeting 11.9% by year-end.
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