The Ghana Statistical Service (GSS) said Wednesday that the country’s economy grew by 6.4 percent year on year in the first quarter (Q1) of 2026, up from a revised 6.2 percent in the same period last year.
Addressing a press briefing in Accra, the Ghanaian capital, Government Statistician Alhassan Iddrisu said that the growth “is clear evidence of an economy that continues to expand while maintaining greater price stability.”
According to him, the services sector recorded the highest real GDP growth of 7.1 percent, year-on-year, making the largest contribution of 48.3 percent to overall real GDP growth. Industry grew by 6.9 percent, while agriculture grew by 4 percent.
Moreover, non-oil GDP growth (excluding oil production from the economy) stood at 6.3 percent, compared to a non-oil growth rate of 8 percent in the same quarter of 2025.
Meanwhile, the Bank of Ghana, after the last sitting of its Monetary Policy Committee, assessed the risks in the outlook to growth and inflation as broadly balanced and decided to maintain the monetary policy rate at 14 percent. Enditem
Source: Xinhua
