Ghana’s economic activity recorded a year-on-year growth of 6.8% in August 2026, up from 5.3% in August 2025, with the services sector accounting for nearly 70% of the expansion.
Data released by the Ghana Statistical Service (GSS) on Wednesday, November 11, 2026, through its Monthly Indicator of Economic Growth (MIEG), showed that the country’s overall economic activity index rose from 108.0 in August 2025 to 115.4 in August 2026.
The services sector led the expansion, posting growth of 10.7%, compared with 7.1% during the same period last year. It contributed 69.9% to overall economic growth, making it the largest contributor to economic activity during the month.
According to the GSS, the strong performance of the sector was driven largely by the Information and Communication subsector.
Industry also registered an improvement, growing by 4.5% in August 2026, against 0.8% in August 2025. Manufacturing was the main driver, supported by growth in mining and quarrying. The sector contributed 21.2% to overall economic expansion.
Agriculture, in contrast, recorded a sharp moderation in growth, expanding by 2.6% compared with 8.6% a year earlier.
The crops and livestock subsectors supported agricultural activity, which accounted for 6.8% of total economic growth. Net taxes on products contributed the remaining 2.1%.
The figures highlight the increasing contribution of services and industry’s improving performance to Ghana’s economic activity, even as growth in agriculture slowed significantly.
The GSS said the MIEG is designed to provide a monthly measure of changes in economic activity and offer an early indication of economic performance ahead of the quarterly GDP figures.
It is compiled using monthly volume indicators and administrative records covering activities captured in the quarterly GDP system, with inflation adjustments based on monthly CPI and PPI data.
The Service cautioned that the MIEG remains an experimental statistic and may be revised as additional and more comprehensive data become available.
It also announced a revision to the July 2026 growth rate, which was adjusted from 7.4% to 7.0% following the incorporation of additional data.
The August figures remain provisional, while the September 2026 MIEG is expected to be released on December 9, 2026.
