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Ghana’s economy grows by 6.4% in first quarter of 2026

Ghana’s economy grows by 6.4% in first quarter of 2026
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By Ashiadey Dotse

Ghana’s economy recorded a growth rate of 6.4% in the first quarter of 2026, according to the latest figures released by the Ghana Statistical Service (GSS).

The growth represents a slight increase from the 6.2% recorded during the same period in 2025, indicating continued strength in the country’s economic performance.

Presenting the data, Government Statistician Dr. Alhassan Iddrisu said the services sector remained the biggest contributor to economic growth during the period.

He explained that Ghana’s non-oil Gross Domestic Product (GDP) grew by 6.3%, showing that growth was spread across several sectors of the economy.

According to Dr. Iddrisu, the services sector recorded the highest growth rate of 7.1%. This was driven largely by strong performances in information and communication, which expanded by 25.2%, transport and storage by 13%, and trade by 7%.

The industrial sector also recorded strong growth of 6.9%, up from 4.1% in the first quarter of 2025. The improvement was mainly supported by mining and quarrying, which grew by 10.7%, and oil and gas production, which expanded by 7%.

The agriculture sector grew by 4% during the period. However, growth in the sector was affected by a sharp decline of 18.5% in the fishing sub-sector.

Dr. Iddrisu further disclosed that seasonally adjusted GDP grew by 1.6% on a quarter-on-quarter basis, reflecting sustained economic momentum.

He added that the Composite Index of Economic Activity (CIEA) remained positive throughout the quarter, recording growth rates of 6.1% in January, 7.7% in February and 5.4% in March.

Dr. Iddrisu said the figures highlight the need for continued macroeconomic stability, faster infrastructure development, deeper digital transformation and stronger private sector-led growth.

He also called for greater attention to sectors facing challenges, including fishing, accommodation and food services, as well as water and sewerage services.

The latest data suggests that Ghana’s economy continues to recover steadily, supported by growth in key sectors despite challenges in some areas of the economy.

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