Ghana GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

3.6

Units In

4.7

Frequency

Quarterly

Next Release

Dec 10, 2025

Time to Release

2 Months 28 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
25 Mar 2012	-5.7 Jun 2020	5.98 %	2000-2024	Ghana Statistical Service

Services is the largest sector of the Ghanaian economy, accounting for 52 percent of the GDP. Within services, the most important sub-sectors are: transport and storage (10 percent); information and communication (9.8 percent); trade, repair of vehicles and household goods (7 percent) and financial and insurance activities; education and public administration & defense and social security (4 percent each). Also, industry accounts for 26 percent of the GDP with mining and quarrying (10 percent); construction (8 percent) and manufacturing (7 percent). Agriculture accounts for 22 percent, mainly crops (17 percent). On the expenditure side, household consumption is the main component of the GDP and accounts for 81 percent of its total use, followed by gross fixed capital formation (11 percent); government expenditure (10 percent) and changes in stocks (2 percent). Exports of goods and services account for 48 percent of GDP while imports for 52 percent, subtracting 4 percent of total GDP.

Latest Updates

Ghana’s economy grew 6.3% year-on-year in Q2 2025, matching the revised Q1 pace, which was the fastest since Q3 2024. Services led the expansion with a 9.9% increase, supported by a 21.3% surge in ICT on the back of rising data use. Other notable contributors included education, which grew 16.6%, health and social work at 14.6%, other personal services at 11.3%, and finance and insurance at 9.7%. Agriculture grew by 5.2%, led by the livestock sub-sector, while industry recorded modest growth of 2.3%. Mining and quarrying, including oil and gas, however, contracted by 1.8%, with oil and gas alone shrinking by 22.5%. Demand-side growth was supported by household consumption (+12.2%), gross capital formation (+17.1%), and net exports (+691.6%), while government consumption fell 0.2%. On a seasonally adjusted quarterly basis, the Ghanaian GDP rose by 1.4%, after a revised 1.6% advance in the preceding quarter.