By Prince Ahenkorah
Ghana’s economy grew by 5.5% in the third quarter of 2025, according to the latest data released by the Ghana Statistical Service (GSS). The figures indicate that economic activity continues to maintain positive momentum, although growth has slowed compared to the 7.0% recorded in the same quarter of 2024.
The Statistical Service noted that the expansion was broad-based but largely concentrated in a few key sectors.
The Information and Communication Technology (ICT) sector, crop production, trade, transport and storage, manufacturing, and education collectively contributed approximately 86% of the overall growth.
Government Statistician Dr. Alhassan Iddrisu provided a detailed breakdown of the GDP figures on Wednesday, December 10, 2025, emphasizing that the services sector remains the largest driver of Ghana’s economic growth.
According to Dr. Iddrisu, the industrial sector recorded modest growth of 0.8% in the third quarter of 2025, slightly higher than the 0.4% growth in the same period last year.
Within the industrial sector, the oil and gas industry faced significant challenges, posting a contraction of about 18.2%, reflecting the sector’s ongoing volatility.
On the other hand, manufacturing showed resilience, expanding by 3.9%, although this was below the 7.4% growth recorded in the corresponding quarter of 2024.
Dr. Iddrisu highlighted that despite the slowdown in some industries, the overall growth demonstrates that Ghana’s economy continues to adapt and expand, supported by strong performance in key sectors that sustain production and provide employment.
The report suggested that while some areas face headwinds, particularly in high-cost and capital-intensive industries, the broader economy remains on a growth trajectory, driven largely by services and strategic industrial activities.
The GSS report underscored the need for targeted policy interventions to address sector-specific challenges while continuing to support sectors that have consistently contributed to national output.
The data also signals to policymakers, investors, and stakeholders the importance of maintaining momentum in critical areas such as ICT, agriculture, trade, transport, manufacturing, and education to ensure balanced and sustainable economic growth.