By Patrick Ofoe Nudzi, GNA
Accra, Nov. 12, GNA – Ghana’s economic activity expanded by 6.8 per cent in August 2026, compared with 5.3 per cent recorded during the corresponding period in 2025, the Ghana Statistical Service (GSS) has said.
The expansion was largely driven by strong growth in the services sector, according to the latest Monthly Indicator of Economic Growth (MIEG) report, released by the Service on Wednesday.
The report showed that the overall economic activity index increased from 108.0 in August 2025 to 115.4 in August 2026.
The services sector recorded the highest year-on-year growth of 10.7 per cent, up from 7.1 per cent recorded in August 2025.
The sector accounted for 69.9 per cent of the overall growth in economic activity, with its performance largely driven by growth in the Information and Communication subsector.
The industrial sector also recorded an improvement, growing by 4.5 per cent in August 2026, compared with 0.8 per cent during the corresponding period last year.
Manufacturing was the main driver of growth in the sector, with mining and quarrying providing additional support, as industry contributed 21.2 per cent to overall economic growth.
Agriculture, however, recorded a slower growth rate of 2.6 per cent, compared with 8.6 per cent in August 2025, with crops and livestock driving the sector’s performance.
The sector contributed 6.8 per cent to overall economic growth, while net taxes on products accounted for the remaining 2.1 per cent.
The GSS said the MIEG provided a monthly measure of changes in economic activity and served as an early indication of movements in the economy ahead of the release of quarterly Gross Domestic Product figures.
The indicator uses monthly volume indicators and administrative records covering economic activities included in the quarterly GDP system, with the data adjusted for inflation using monthly Consumer Price Index and Producer Price Index figures.
The Service said the MIEG remained an experimental statistic subject to continuous improvement and revisions as more comprehensive data became available, noting that the July 2026 growth rate had been revised from 7.4 per cent to 7.0 per cent.
The August figures are provisional, with the next release, covering September 2026, scheduled for December 9, 2026.
GNA
Edited by Agnes Boye-Doe
Patrick Ofoe Nudzi