Ghana’s economy expanded by 6.4 percent in the first quarter of 2026, up from 6.2 percent recorded in the same period of 2025, driven mainly by strong performances in the services and industrial sectors.
Presenting provisional estimates in Accra, Government Statistician Dr. Alhassan Iddrisu said the economy showed broad-based expansion supported by improved production levels and easing inflationary pressures.
“The Ghanaian economy grew by 6.4% in the first quarter of 2026. This is higher than the 6.2% growth recorded during the same period in 2025,” he said.
Nominal GDP rose from GH¢378 billion in Q1 2025 to GH¢420.4 billion in Q1 2026, while real GDP increased from GH¢53.9 billion to GH¢57.4 billion.
Non-oil GDP grew by 6.3 percent, reflecting continued expansion beyond the petroleum sector.
A key feature of the release was a sharp decline in the GDP deflator from 23.9 percent to 4.1 percent, indicating easing inflationary pressures.
The services sector remained the largest contributor to growth, expanding by 7.1 percent and accounting for 45.7 percent of GDP. It contributed 48.3 percent of total economic growth.
Within services, information and communication was the standout performer, expanding by 25.2 percent and contributing 26.9 percent of total GDP growth.
Transport and storage grew by 13 percent, while trade and repair services expanded by 9 percent. Financial and insurance activities recorded growth of 4.4 percent.
However, accommodation and food services contracted by 13.6 percent, real estate by 3.2 percent, and health and social work by 1 percent.
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