Ghana’s economic activity grew by 6.8% in August 2026 compared with the same period last year, driven largely by strong performance in the services sector, according to the Ghana Statistical Service (GSS).
The latest Monthly Indicator of Economic Growth (MIEG), released on Wednesday, 11 November 2026, puts the country’s economic activity index at 115.4, up from 108.0 in August 2025.
The services sector recorded the strongest growth, expanding by 10.7% over the 12-month period. Industry grew by 4.5%, while agriculture recorded a more modest increase of 2.6%.
The figures suggest that services continue to play a leading role in Ghana’s economic expansion.
According to the GSS, the services sector accounted for 69.9% of the overall 6.8% growth recorded in August. Industry contributed 21.2%, agriculture 6.8%, while net taxes on products accounted for the remaining 2.1%.
Services sector leads growth
The strong performance of the services sector was driven mainly by activities in the information and communication subsector.
Its growth rate increased from 7.1% in August 2025 to 10.7% in August 2026, making it the fastest-growing of the three main sectors.
The industrial sector also recorded an improvement, with growth rising to 4.5% from 0.8% in August 2025.
The GSS attributed the expansion mainly to manufacturing, supported by mining and quarrying activities.
Agriculture, however, recorded the slowest growth among the three sectors.
Its activity increased by 2.6% over the period, compared with 8.6% growth recorded in August 2025. The expansion was mainly driven by the crops and livestock subsectors.
What the figures mean
The MIEG measures changes in economic activity on a monthly basis and provides an early indication of the direction of the economy ahead of the quarterly Gross Domestic Product (GDP) figures.
Unlike the quarterly GDP estimates, the indicator tracks economic performance using monthly data across agriculture, industry and services.
The latest figures are consistent with the 6.0% economic growth recorded in the second quarter of 2026 under both the MIEG and quarterly GDP estimates.
However, the GSS cautions that the August figures are provisional and may be revised as more comprehensive data become available.
The statistical service also classifies the MIEG as an experimental statistic, meaning its methodology and coverage are subject to continuous improvement.
July growth rate revised
The GSS has also revised the economic growth figure for July 2026 from 7.4% to 7.0% following the availability of additional data.
The revision highlights the provisional nature of the monthly indicator and the possibility of adjustments as new information is incorporated.
The MIEG is not seasonally adjusted, meaning the GSS does not publish month-on-month growth rates because seasonal factors, including harvest cycles and public holidays, can influence economic activity.
The statistical service says it intends to introduce seasonally adjusted figures once the series covers at least four years.
The next release, covering economic activity in September 2026, is scheduled for 9 December 2026.
Source: www.kumasimail.com
