Ghana’s economy recorded a year-on-year growth rate of 6.4 percent in the first quarter of 2026, up from 6.2 percent during the same period in 2025, according to provisional estimates released by the Ghana Statistical Service (GSS).
The latest figures indicate a modest acceleration in economic activity, driven by growth across key sectors of the economy and supported by easing price pressures.
Data presented by the GSS show that Ghana’s overall nominal Gross Domestic Product (GDP) increased to GH¢420.4 billion in the first quarter of 2026, compared with GH¢378.0 billion recorded during the corresponding period in 2025.
In real terms, overall GDP rose to GH¢57.4 billion from GH¢53.9 billion a year earlier.
The non-oil sector, which remains a major contributor to economic output, posted a growth rate of 6.3 percent. However, this represented a slowdown from the 8.0 percent growth recorded in the first quarter of 2025.
Nominal GDP for the non-oil sector increased to GH¢410.9 billion from GH¢366.8 billion in the same period last year, while real non-oil GDP rose to GH¢55.3 billion from GH¢52.0 billion.
Meanwhile, the GDP deflator—a broad measure of inflation across the economy—declined significantly to 4.1 percent from 23.9 percent in the first quarter of 2025, suggesting a sharp easing in price increases.
The Ghana Statistical Service noted that the stronger economic performance was accompanied by improved price stability, contributing to the overall expansion of economic output during the period.
The first-quarter GDP estimates provide an early indication of the economy’s performance in 2026 and are expected to inform government policy decisions and private-sector investment planning in the months ahead.
Source: www.kumasimail.com
