HomeEconomyGhana’s economy grows 4.7% in April, GSS reports

Ghana’s economy grows 4.7% in April, GSS reports

Ghana’s economy grew by 4.7% in April 2026, according to provisional figures from the Ghana Statistical Service’s (GSS) Monthly Indicator of Economic Growth (MIEG). Although the pace of expansion slowed compared to the 7.4% recorded in April 2025, the data reflects continued growth across key sectors.

The MIEG index rose to 113.3 in April 2026, up from 108.2 in the same month last year. The services sector remained the primary driver, expanding by 6.0% year-on-year and contributing 61.7% of overall growth, with strong activity in the Information and Communication subsector.

Industry also showed improvement, recording 4.0% growth compared to 1.1% in April 2025. The GSS attributed this performance largely to increased mining activity, which accounted for 29.9% of total economic expansion.

Agriculture also returned to growth after contracting in the previous year. The sector expanded by 1.7% in April 2026, reversing the 6.9% decline recorded in April 2025. The GSS said the recovery in agriculture was mainly supported by growth in the crops and livestock subsectors.

Agriculture contributed 4.5% to total growth, while net taxes accounted for the remaining 3.9%. The Statistical Service noted that although economic activity continued to expand, growth was slower than the previous year due to softer performances across some key sectors.

The MIEG, which provides an early indication of quarterly GDP trends, tracks monthly changes in economic activity across agriculture, industry and services. The GSS cautioned that the figures are provisional and subject to revision as additional data becomes available.

Source: Abigail Teye

Benjamin Mensah
Benjamin Mensahhttps://freshhope1.org
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