The Ghana Statistical Service (GSS) has announced that Ghana’s economy grew by 4.5 per cent year-on-year for July 2025.
According to the maiden monthly indicator of economic growth (MIEG) of the GSS, the growth rate was slower compared to the same period last year, when the economy grew by 8.3 per cent.
The economic growth was driven by a resurgent agricultural sector, which saw its MIEG growth accelerate by 8.0 per cent compared to 2.4 per cent in July of 2024.
This indicates a faster pace of expansion in the agriculture sector, compared to growth in July 2024.
The sector contributed 37.1 per cent of the 4.5 per cent growth in the MIEG.
The MIEG for the services sector grew by 6.4 per cent, up from 4.5 per cent in July 2024.
This indicates continued strong performance in the services sector. It contributed 58.4 per cent of the 4.5 per cent growth in the MIEG.
In contrast, the industrial sector’s MIEG barely grew, registering a marginal 0.1 per cent increase for July this year compared to 17.7 per cent in July last year.
This is a marginal expansion in the industry sector, but much lower when compared to the same period last year.
The latest data showed that the economy maintained its upward trajectory, with the MIEG index climbing to 110.2, up from 105.4 in the same month last year.
The new index, launched by the GSS in Accra on Friday, is designed to bridge the gap between quarterly Gross Domestic Product (GDP) figures, offering policymakers and investors a timelier gauge of economic trends.
The MIEG captures changes in economic activity monthly. It captured the aggregated level for the whole economy, as well as for agriculture, industry and services.
GIK/APA