Ghana’s economy recorded strong growth in February 2026, expanding by 7.7 percent year-on-year, according to the latest Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).
The MIEG index rose to 111.3 in February 2026, up from 103.3 in the same month last year, signalling stronger performance across key sectors.
Government Statistician Alhassan Iddrisu, presenting the figures on May 13, said the data reflects improving market conditions and growing confidence in the economy compared to 2025.
- Services sector: 47.6% of total growth, driven by information & communication, finance, insurance, health, and trade.
- Industry sector: 44.2%, emerging as the fastest-growing segment with 9.6% growth (up from 2.8% in 2025), boosted by mining, manufacturing, and electricity.
- Agriculture: 5.5%, slowed to 3.8% growth compared to 9.4% last year.
- Net indirect taxes: 2.7%.
The GSS revised January’s growth figure downward from 7.5% to 6.1%, following updated data from agencies including the Ghana Revenue Authority and Volta River Authority.
- Industry growth was revised upward (7.0% → 8.9%).
- Services sector saw the sharpest downward adjustment (9.6% → 5.3%).
The GSS emphasized that the MIEG remains an experimental tool and is not yet seasonally adjusted, with only year-on-year comparisons reported.
The next MIEG release, covering March 2026 alongside Ghana’s first-quarter GDP estimates, is scheduled for June 10, 2026.
