Ghana's Economic Activity Grows 6.8% in August, Led by Services

Ghana's economy recorded faster growth in August 2026, with activity rising by 6.8% compared with the same month a year earlier, according to the Ghana Statistical Service (GSS).

The figure is an improvement on the 5.3% growth recorded in August 2025. It comes from the GSS's Monthly Indicator of Economic Growth (MIEG), which was published on Wednesday, 11 November 2026, as first reported by Citi News.

The data show the overall index of economic activity climbing to 115.4 in August 2026, from 108.0 twelve months earlier.

Services drove most of the gain. The sector grew by 10.7% year on year, against 7.1% in August 2025, and was responsible for 69.9% of the total growth in economic activity. The GSS said the Information and Communication subsector was the main reason for the strong showing.

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Industry also picked up pace, expanding by 4.5% after growth of just 0.8% in August last year. Manufacturing was the chief driver, helped by mining and quarrying, and the sector accounted for 21.2% of overall growth.

Agriculture moved in the opposite direction. Growth in the sector eased to 2.6%, well below the 8.6% recorded in August 2025. The GSS said crops and livestock were behind the sector's performance, which contributed 6.8% of overall growth. Net taxes on products made up the remaining 2.1%.

The MIEG is intended to give a monthly picture of changes in economic activity and an early signal of trends before the quarterly Gross Domestic Product (GDP) figures are released, the GSS explained.

The indicator draws on monthly volume indicators and administrative records for activities covered by the quarterly GDP system. To remove the effect of price changes, the data are adjusted using monthly Consumer Price Index (CPI) and Producer Price Index (PPI) figures.

The statistics body noted that the MIEG is still classed as an experimental statistic and may be refined and revised as fuller data become available.

In line with this, the GSS has revised its July 2026 growth estimate downward to 7.0%, from the 7.4% previously reported, after receiving additional data.

The August figures are provisional. The next release, covering September 2026, is scheduled for 9 December 2026.