Ghana’s economic activities expand by 6.8% in August, driven by services – GSS

Economic activities in Ghana expanded by 6.8% in August 2026, up from 5.3% recorded in the same month last year, with the services sector accounting for the largest share of the growth, according to the Ghana Statistical Service (GSS).

The latest Monthly Indicator of Economic Growth (MIEG) report shows that the index of economic activity increased to 115.4 in August 2026, compared with 108.0 in August 2025.

“The MIEG index for August 2026 is 115.4. This compares to an index figure of 108.0 in August 2025,” the GSS stated.

The services sector was the strongest performer, recording a growth of 10.7% over the period. It also contributed 69.9% to the overall expansion in economic activities.

“The services sector was the main contributor to August 2026 growth,” the report said.

It added that “the sector contributed 69.9 per cent to the overall growth of 6.8 per cent in economic activities.”

The GSS attributed the expansion in services mainly to the Information and Communication subsector.

“The Services sector grew by 10.7 per cent between August 2025 and August 2026 as measured by the MIEG. This expansion in activity was mainly driven by Information & Communication sub-sector,” the report stated.

The industry sector also recorded growth, expanding by 4.5% between August 2025 and August 2026. The increase was driven mainly by manufacturing, with support from mining and quarrying.

“Economic activities within the industry sector recorded an increase of 4.5 per cent between August 2025 and August 2026,” the GSS said.

It added that “this increase was driven mainly by manufacturing, with support from mining and quarrying.”

Agriculture recorded the lowest growth among the three major sectors, expanding by 2.6% during the period. The performance was driven by activities in crops and livestock.

“Agriculture increased by 2.6 percent between August 2025 and August 2026. This was driven by the crops and livestock subsector,” the report noted.

In terms of contributions to overall economic growth, services accounted for 69.9%, followed by industry with 21.2%, agriculture with 6.8% and net taxes on products with 2.1%.

The MIEG is designed to provide an early indication of movements in economic activity ahead of the quarterly Gross Domestic Product (GDP) release.

According to the GSS, “The MIEG gives users a reliable early indication of movements in economic activity before the quarterly release.”

The Service cautioned that the August 2026 figures are provisional and could be revised when more comprehensive data becomes available.

“The MIEG for August 2026 is provisional and subject to revision when more comprehensive and updated data becomes available,” the report stated.

The September 2026 MIEG report is scheduled for release on December 9, 2026.