Ghana’s economy expanded by 7.5% in January 2026, according to the Ghana Statistical Service, pointing to sustained growth at the start of the year, although at a slower pace than the 8.2% recorded in January 2025.
The latest Monthly Indicator of Economic Growth (MIEG) data shows the services sector as the clear driver of activity, growing by 9.6% and contributing 54.3% of total growth. Industry followed with a 7.2% expansion, accounting for 29.0%, while agriculture recorded the slowest growth at 4.5%, contributing 14.0%.
Government Statistician, Dr Alhassan Iddrisu indicated that the strong performance of services reflects its dominant role in the economy. This reinforces that Ghana’s growth is largely tilted towards a more service-led growth model.
The data, however, points to an uneven growth pattern. While services continue to expand rapidly, the relatively slower pace in agriculture raises concerns about productivity in a sector that remains critical for jobs and food supply. Similarly, the industry’s performance, though solid, suggests there is room to deepen value addition and boost output.
Sustaining the current growth momentum will require a balanced approach—strengthening industrial capacity, improving agricultural productivity, and leveraging the continued expansion in services to support broader economic resilience through 2026.
