Ghana’s economic activity grew by 6.8% in August 2026, up from 5.3% recorded in the corresponding period last year, with the services sector accounting for the largest share of the expansion, according to the Ghana Statistical Service (GSS).
The latest Monthly Indicator of Economic Growth (MIEG), released on Wednesday, November 11, showed that the overall economic activity index increased from 108.0 in August 2025 to 115.4 in August 2026.
The services sector recorded a growth rate of 10.7%, compared with 7.1% in August 2025, contributing 69.9% of total economic growth during the period.
The GSS attributed the sector’s performance largely to increased activity in the Information and Communication subsector.
Industrial activity also improved, recording growth of 4.5% in August 2026, compared with 0.8% in the same period last year.
The expansion was driven mainly by manufacturing, with additional contributions from mining and quarrying. The industrial sector accounted for 21.2% of overall economic growth.
Agriculture, however, recorded a decline in its growth rate, expanding by 2.6% compared with 8.6% in August 2025.
The GSS attributed the sector’s performance to activities in the crops and livestock subsectors. Agriculture contributed 6.8% to overall economic growth, while net taxes on products accounted for 2.1%.
The figures show that services and industry were the main contributors to economic expansion in August, while agriculture experienced a significant slowdown compared with the previous year.
The GSS explained that the MIEG provides a monthly measure of changes in economic activity and serves as an early indication of economic performance ahead of the quarterly Gross Domestic Product (GDP) estimates.
The indicator is compiled using monthly volume indicators and administrative records covering economic activities included in the quarterly GDP measurement system. The data are adjusted for inflation using monthly Consumer Price Index (CPI) and Producer Price Index (PPI) figures.
The Service noted that the MIEG remains an experimental statistic and is subject to continuous improvements and revisions as more comprehensive data become available.
It also disclosed that the July 2026 growth rate had been revised from 7.4% to 7.0% following the availability of additional data.
The August 2026 figures are provisional, with the next release, covering September 2026, scheduled for December 9, 2026.
