Ghana Statistical Service has reported a 7.5 percent year-on-year growth in economic activity for January 2026, reflecting a slowdown compared to the 8.2 percent recorded during the same period in 2025.
The figures, captured in the Monthly Indicator of Economic Growth (MIEG), provide a snapshot of changes in economic activity across key sectors on a month-by-month basis.
Data from the report shows that the agriculture sector recorded a growth rate of 4.5 percent in January 2026, significantly lower than the 9.3 percent achieved a year earlier. This indicates a moderation in the sector’s performance, with agriculture contributing 14 percent to the overall growth figure.
The industry sector also experienced a slowdown, growing by 7.2 percent compared to 9.7 percent in January 2025. The decline has been linked to reduced activity in oil and gas, particularly within mining and quarrying. Despite the dip, the sector accounted for 29 percent of total economic growth.
In contrast, the services sector recorded stronger performance, expanding by 9.6 percent in January 2026, up from 7.7 percent in the same period last year. This marks an acceleration in growth and reinforces the sector’s dominant role in the economy, contributing 54.3 percent to the overall expansion.
Overall, while Ghana’s economy continues to grow, the latest data suggests a shift in momentum, with slower performance in agriculture and industry offset by stronger gains in the services sector.
