Ghana’s economy expanded at a faster pace in October 2025 compared to the same month a year earlier, with provisional government data pointing to stronger activity in the services and industry sectors recently.

Figures released by the Ghana Statistical Service (GSS) yesterday showed that the Monthly Indicator of Economic Growth (MIEG) recorded a year-on-year growth rate of 3.8 per cent in October 2025, compared with three per cent in October 2024.

The improvement signalled firmer economic momentum heading into the last quarter of last year.

Presenting the data, the Government Statistician,  Dr Alhassan Iddrisu, said the services sector remained the main driver of growth, expanding by 5.5 per cent and accounting for 74.7 per cent of the overall expansion.

“The MIEG data shows continued strong performance in the services sector, driven largely by Communication and Wholesale and Retail Trade subsectors,” he stated.

He said Industry also posted a notable rebound, growing by three per cent in October 2025, after recording subdued growth of 0.4 per cent in the same period last year.

The sector contributed 28.7 per cent to total growth, reflecting improved performance across several industrial activities.

Agriculture sector

Agriculture, however, recorded slower growth, expanding by 0.9 per cent compared with 2.1 per cent a year earlier. Its contribution to overall economic growth stood at 1.3 per cent, highlighting continued uneven performance across sectors.

The MIEG index level for October 2025 stood at 112.7, based on a 2023 reference year of 100, up from 108.6 recorded in October 2024. The higher index level indicated increased output across much of the economy over the period.

Caution

The statistical service cautioned that the figures were provisional and classified as an experimental statistic. “As such, they remain subject to revision as more comprehensive data becomes available.”

The report said the MIEG followed the same revision policy as the quarterly and annual national accounts, allowing updates for up to two years.

It added that the indicator was released earlier than quarterly gross domestic product estimates and relied on the first available data sources.

Users were advised to interpret the figures carefully, as the index is less detailed, more volatile and not seasonally adjusted. For this reason, only year-on-year growth rates are published.

The GSS aims to publish the MIEG within 75 days after the reference month. The next release, covering November 2025, is scheduled for February 11, 2026.