Ghana’s economic activity expanded by 6.8% in August 2026, up from 5.3% in the same period last year, driven largely by strong growth in the services sector, according to the Ghana Statistical Service (GSS). The latest Monthly Indicator of Economic Growth (MIEG), released on Wednesday, November 11, 2026, showed the overall economic activity index rising from 108.0 in August 2025 to 115.4 in August 2026.
The services sector was the main driver of the expansion, recording year-on-year growth of 10.7%, compared with 7.1% in August 2025. It accounted for 69.9% of overall growth, underscoring its dominant role in the country’s economic performance. The GSS attributed the sector’s strong showing largely to growth in the Information and Communication subsector.
The industrial sector also improved, expanding by 4.5% in August 2026, against 0.8% a year earlier, driven mainly by manufacturing, with additional support from mining and quarrying. It contributed 21.2% to overall growth. Agriculture, however, slowed to 2.6%, down from 8.6% in August 2025, driven by the crops and livestock subsectors. Agriculture contributed 6.8% to overall growth, while net taxes on products accounted for the remaining 2.1%.
