Ghana’s economy recorded a provisional growth rate of 3.8% in October 2025, up from 3.0% in the same period last year, according to the Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).

The data indicate a year-on-year expansion in economic output, reflecting a stronger overall performance compared to October 2024, largely driven by sustained activity in the services and industry sectors.

The services sector remained the main growth driver, expanding by 5.5% in October 2025, slightly lower than the 5.6% recorded a year earlier. Despite the marginal slowdown, the sector contributed 74.7% to total economic growth, buoyed by strong performances in communication, wholesale, and retail trade subsectors.

The industry sector posted a notable improvement, growing by 3.0%, a sharp rise from 0.4% in October 2024. The uptick reflects a broader expansion in industrial activity, contributing 28.7% to the overall growth rate for the month.

In contrast, agriculture growth slowed to 0.9%, down from 2.1% in the same period last year. The slower pace suggests subdued activity in the sector, which contributed just 1.3% to the overall growth recorded in October.

Overall, the October 2025 MIEG figures point to a steady recovery in economic momentum, underpinned by resilient services activity and improving industrial performance, even as agriculture continues to lag behind.

The GSS notes that the MIEG provides a timely snapshot of short-term economic trends, complementing quarterly and annual GDP estimates used for broader policy analysis.