Business Outlook Africa

Ghana’s Economy Grows 6.4% in Q1 2026 — GSS

The Ghana Statistical Service (GSS) has indicated a 6.4% growth in the country’s GDP for the first quarter of 2026, compared to a growth rate of 6.2% in the same quarter of 2025.

In its latest Quarter 1 GDP Estimates and March 2026 Monthly Indicators of Economic Growth report, it also highlighted an expansion of non-oil GDP to 6.3%, indicating a broad-based expansion across the economy other than a single sector expansion.

Largely accounting for the expansion and growth in the GDP for the period was the Services and Industry which recorded a growth of 7.1% and 6.9% respectively. The Services Sector accounted for 48.3% of the total growth with the Industry Sector also accounting for 34.1% of the total growth.

At the sectoral level, Information and Communication recorded the strongest growth at 25.2%, followed by Transport and Storage at 13.0%, and Mining and Quarrying at 10.7%.

During the quarter, monthly economic activity continued to be strong with a growth of 6.1% recorded in January, 7.7% in February and 5.4% in March.

Despite the strong outturn, the Ghana Statistical Service flagged areas requiring attention hence identified three priorities emerging from the data which is sustaining macroeconomic stability, investing in high-growth sectors such as ICT, Trade, Transport and Mining, and addressing areas of weakness including Fishing, Accommodation and Food Services, and Water and Sewerage.

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