Ghana’s economy grew by 6.3 per cent in the three months to June 2025 compared to 5.7 per cent in the same period last year.
It means that the economy produced more goods and services than the same time last year, 2024.
Dr Alhassan Iddrisu, the Acting Government Statistician, said it was a sign of growth and recovery and agriculture was still growing after recovery in Q1 of 2025.
He said the agriculture sector grew by 5.2 per cent compared to 3.5 per cent in the Q2 of 2024.
“This is good news for farmers and food prices, while livestock grew the largest in agriculture, growing by 5.9 per cent compared to 4.7 per cent in Q2 of 2024,” he said.
The Acting Government Statistician said growth in industry slowed at 2.3 per cent in Q2 of 2025, compared to 12.2 per cent in Q2 of 2024.
The oil and gas sector declined sharply by22.5 per cent, dragging the industrial sector down but electricity was strong, growing by 6.7 per cent down from 6.9 per cent in Q2 of 2024, showing increase power production to support growth.
He said the services constituted the biggest share of GDP at basic prices at 42 per cent in Q2 of 2025 with the sector growing by 9.9 per cent in Q2 of 2025 up from 2.0 per cent in Q2 of 2024, with ICT leading the way at 21.3 per cent growth.
The Services, including ICT, Education, Finance & Insurance and Trade, contributed more than half (52.2 per cent) of the Q2 of 2025 growth of the economy.
“If we remove the impact of oil & gas, the rest of the economy grew by 7.8 per cent in Q2 of 2025 compared to 5.7 per cent in Q2 of 2024,” he added.
He said this showed that Ghana’s economy was becoming more balanced, relying less on oil.
Dr Iddrisu said information and Communication, Education, Crops, Manufacturing, Finance & Insurance and Construction were the main drivers of GDP growth in Q2 of 2025, all together contributing 77.6 per cent of the 6.3 per cent growth.
He said the country’s provisional real GDP increased by 1.4 per cent in Q2 of 2025 from 1.6 per cent in Q1 of 2025.
The seasonally adjusted Q2 of 2025 Growth is the highest Q2 growth since Q2 of 2019.
He recommended that households should build skills in fast-growing areas like ICT, education, and health to tap into expanding job opportunities.
Dr Iddrisu said also households should support local agriculture by buying more Ghana-made food products to strengthen demand for farmers’ output.
He urged businesses to invest in digital and service-oriented solutions to ride the wave of growth in ICT, finance, and education.
He called for diversifying beyond oil-related industries and aligning production with rising household demand for food, health, and technology.
He urged the government to prioritize infrastructure and energy investments to sustain growth across all sectors, especially industry and services.
“Strengthen data-driven monitoring to anticipate shocks in oil and gas while supporting non-oil growth engines,” he added.
Source: GNA
Source: ghanabusinessnews.com
