Economic activities in Ghana expanded by 6.8 per cent in August 2026, up from 5.3 per cent recorded during the same period last year, according to the latest figures from the Ghana Statistical Service (GSS).
The growth was largely driven by the services sector, which recorded a 10.7 per cent expansion, making it the biggest contributor to the country’s overall economic performance during the period.
The latest Monthly Indicator of Economic Growth (MIEG), released on Wednesday, November 11, shows that the overall index increased to 115.4 in August 2026 from 108.0 in August 2025.
In its report, the GSS stated that “The MIEG index for August 2026 is 115.4. This compares to an index figure of 108.0 in August 2025.”
The industry sector also recorded growth of 4.5 per cent, while agriculture expanded by 2.6 per cent over the same period.
In terms of contributions to overall growth, services accounted for 69.9 per cent, followed by industry at 21.2 per cent. Agriculture contributed 6.8 per cent, while net taxes on products accounted for the remaining 2.1 per cent.
Highlighting the performance of the services sector, the GSS noted that “The services sector was the main contributor to August 2026 growth.”
It further explained that the sector “contributed 69.9 percent to the overall growth of 6.8 percent in economic activities.”
The Information and Communication subsector mainly drove the expansion in services.
On agriculture, the report indicated that the sector’s 2.6 per cent growth was supported by activities in crops and livestock.
The GSS stated that “Agriculture increased by 2.6 percent between August 2025 and August 2026. This was driven by the crops and livestock subsector.”
Industry also recorded an improvement, with the statistical authority attributing its performance mainly to manufacturing activities, alongside mining and quarrying.
“Economic activities within the industry sector recorded an increase of 4.5 percent between August 2025 and August 2026. This increase was driven mainly by manufacturing, with support from mining and quarrying,” the report said.
The GSS explained that the MIEG measures changes in economic activity across the agriculture, industry and services sectors, providing an early indication of the country’s economic performance ahead of quarterly GDP publications.
According to the report, “The MIEG gives users a reliable early indication of movements in economic activity before the quarterly release.”
The Service, however, cautioned that the August 2026 figures remain provisional and could change as more comprehensive data becomes available.
It noted that the indicator “is subject to continuous improvement,” with subsequent revisions possible when additional information is incorporated into the calculations.
