Ghana economy expands by 6.8% in August 2026, reports Statistical Service

Ghana’s economy recorded a growth rate of 6.8 percent in August 2026, according to the latest figures released by the Ghana Statistical Service (GSS). This performance represents a notable improvement over the 5.3 percent growth rate recorded during the same period in 2025. The data, compiled through the Monthly Indicator of Economic Growth (MIEG), suggests a strengthening of the domestic economy as it moves further into the second half of the year under the administration of President John Mahama.

A closer look at the sectoral performance reveals that the services sector continues to be the primary engine of economic expansion in the country. The GSS data indicates that the services sector contributed 69.9 percent to the total growth recorded in August, solidifying its role as the dominant segment of the Ghanaian economy. This high level of contribution highlights the sector's resilience and its critical importance in driving national output, particularly in areas such as telecommunications, financial services, and retail trade.

The jump from 5.3 percent to 6.8 percent growth indicates a positive shift in economic momentum compared to the previous year. While the services sector remains the dominant driver, the overall expansion reflects broader activity across the market. These findings provide a snapshot of the current economic climate and will be essential for policymakers as they evaluate the impact of fiscal and monetary measures throughout the remainder of the 2026 fiscal year.