By Nelson Ayivor
Ghana’s economy is on fire! The latest figures from the Ghana Statistical Service (GSS) show a massive 6.3% expansion in the second quarter of 2025, a performance so strong it’s making headlines and setting records.
This isn’t just a number—it’s a signal that the nation’s economic engine is roaring back to life, fueled by a booming services sector that’s doing all the heavy lifting.
The services sector didn’t just grow; it exploded, posting an incredible 9.9% year-on-year growth. Not only does it now account for a whopping 41.9% of the nation’s total wealth, but it also single-handedly drove most of the economic growth.
It’s official: the backbone of Ghana’s economy is no longer just farming or factories—it’s the dynamic and fast-moving world of services.
Tech, Education, and Health Lead the Way
So, what’s behind this stellar performance? Look no further than the unstoppable rise of tech, education, and health. The information and communication subsector led the pack with a jaw-dropping 21.3% leap.
Think about it: our reliance on digital communication, online businesses, and technology isn’t just changing our lives; it’s making us richer.
Education is also making a comeback, expanding by 16.6%, a clear sign that the nation is investing in its people and reaping the rewards. And with a 14.6% boost, the health and social work sector proves that a healthy population is a wealthy one.
Non-Oil Sector Shines Brightly
For those who worry about Ghana’s over-reliance on oil, here’s some good news: non-oil GDP growth surged to a remarkable 7.8% in Q2 2025. This shows that Ghana’s economy is diversifying and getting stronger, moving away from the risky roller-coaster of global oil prices.
In monetary terms, the country’s wealth has never been higher, with nominal GDP hitting a stunning GH¢313 billion in the second quarter. That’s a huge leap from GH¢244.7 billion just a year ago, proving that the money is flowing and businesses are thriving.
While services are the superstars, other sectors are playing their part, too. Agriculture grew by a solid 5.2% and industry by a modest 2.3%, showing a balanced but clear services-driven momentum.
The Road Ahead: Keep the Pedal to the Metal
Analysts believe that if this momentum continues, Ghana is on track for an even stronger year.
However, they warn that the government must keep its foot on the gas. Sustaining this growth will require more investment in infrastructure, technology, and skills development. It’s also crucial to maintain fiscal discipline to avoid any economic hiccups.
The message is clear: Ghana’s economy is rising, and the services sector is paving the way for a new era of prosperity driven by innovation and knowledge. The question now is, can we keep this incredible ride going?