Ghana’s economy posted an impressive 6.3% expansion in the second quarter of 2025, according to provisional figures released by the Ghana Statistical Service (GSS) on September 10, 2025.
This surge represents one of the country’s strongest quarterly performances in recent years, reflecting significant strides in the Services sector, which continues to drive the nation’s economic trajectory.
The Services sector emerged as the driving force behind Ghana’s second quarter economic expansion, recording an impressive 9.9% year-on-year growth rate. Not only did it secure the largest share of the economy at 41.9% of GDP, but it also made the most significant contribution to overall growth, cementing its position as the backbone of Ghana’s economic structure.
Much of this remarkable performance was fueled by the dynamism of the information and communication subsector, which soared by 21.3%. Education also made notable gains with a 16.6% expansion, reflecting renewed investments in human capital. At the same time, health and social work grew by 14.6%, showcasing the increasing demand for essential services that support both economic and social wellbeing.
Other subsectors such as personal services and finance and insurance also registered strong growth, with increases of 11.3% and 9.7%, respectively. Collectively, these developments point to a structural transformation in the Ghanaian economy, where services are rapidly replacing the traditional dominance of agriculture and industry, positioning Ghana firmly on a path toward a knowledge and innovation-driven future.
While the Services sector took center stage, both Agriculture and Industry registered positive but more modest growth. Agriculture grew by 5.2%, driven by food crops and livestock, while Industry expanded by 2.3%, with manufacturing and construction recording moderate gains.
Quarter-on-quarter seasonally adjusted GDP also revealed steady expansion, with Services recording the highest growth of 2.1%, Agriculture following with 1.1%, and Industry at 0.6%. This shows a balanced but services-driven growth momentum.
Non-Oil GDP Posts Strong Gains
Beyond the general growth, non-oil GDP growth accelerated sharply to 7.8% in Q2 2025, compared to 5.7% in the same quarter of 2024. This indicates that Ghana’s economy is expanding even without heavy reliance on the petroleum subsector, which has often been vulnerable to global oil price volatility.
The resilience of the non-oil sector offers optimism that Ghana can sustain growth through diversification and reduce dependence on extractive industries.
GDP Value Soars Past GH¢313 Billion
The figures also highlight Ghana’s significant economic expansion in monetary terms. Nominal GDP reached GH¢313 billion in Q2 2025, a remarkable leap from GH¢244.7 billion in Q2 2024. In real terms, GDP rose to GH¢47.4 billion compared to GH¢44.6 billion last year.
This rapid increase reflects improved economic activities across sectors and demonstrates Ghana’s capacity to generate wealth despite global economic uncertainties.
According to GSS, the Services sector made the highest contribution to GDP growth with 4.03 percentage points, followed by Agriculture at 1.07 percentage points, and Industry at 0.80 percentage points.
This trend highlights the central role of services such as digital communication, education, finance, and healthcare in fueling Ghana’s future. The explosive growth in the information and communication subsector, in particular, reflects the ongoing digital transformation reshaping commerce, education, and social interactions across the country.
Economic analysts believe Ghana’s strong Q2 performance could signal a sustained growth path if the momentum is maintained. The resilience of the Services sector, coupled with strong non-oil GDP growth, suggests that the country may be on track to achieve higher-than-expected full-year growth in 2025.
However, experts caution that sustaining such growth requires continued investment in infrastructure, digitalization, and human capital development, while ensuring fiscal discipline to prevent macroeconomic instability.
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