Ghana’s economy grew 6 percent year on year in the second quarter of 2026, down from 6.6 percent in the same quarter in 2025, according to data released Wednesday by the Ghana Statistical Service.
Excluding petroleum production, gross domestic product (GDP) grew by 5.4 percent, compared with 8.5 percent in the same quarter of the previous year.
Addressing a press briefing in Accra, the capital, Government Statistician Alhassan Iddrisu said the services sector, with a share of 45.9 percent in GDP, remained the largest sector of the Ghanaian economy in the second quarter of 2026.
“The services sector recorded the highest real GDP growth with a year-on-year growth rate of 8 percent,” Iddrisu said.
According to him, the industry sector, with a 33.1 percent share of the economy, recorded the second-highest growth rate at 4.3 percent, while the agriculture sector, with a 21 percent share of the overall economy, grew at a rate of 3.9 percent.
The government statistician highlighted that four out of every 10 sectors of new growth in the second quarter of this year came from a single sub-sector, information and communication technology. He urged the country to focus on sectors driving the current momentum.
In July, the International Monetary Fund (IMF) approved the disbursement of 371 million U.S. dollars to Ghana as the last tranche of a 3-billion-dollar loan to support the country’s reforms.
The IMF said, after completing its sixth and final review of the West African country’s performance under the last reform, the program was broadly satisfactory, with stronger fiscal performance, higher foreign reserves, and progress in restructuring public debt. Enditem
Source: Xinhua
