Ghana's economy grows 4.7% in April, services sector leads expansion

Ghana's economy demonstrated resilience in April 2026, registering a provisional year-on-year growth of 4.7 percent. The services sector continued its role as the primary engine of this expansion, according to the latest Monthly Indicator of Economic Growth (MIEG) report from the Ghana Statistical Service (GSS).

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The services sector remained the largest contributor to growth, expanding by 6.0 per cent in April 2026, compared with a higher growth of 15.1 per cent recorded in the same period last year.

While the growth rate marked a slowdown from the 7.4 percent recorded in April 2025, overall economic activity remained robust. The MIEG index climbed to 113.3 in April 2026 from 108.2 in the previous year, indicating a sustained upward trend in economic performance over the past three years.

The services sector, accounting for 61.7 percent of the total economic expansion, grew by 6.0 percent. This growth was largely propelled by a strong performance in the information and communication subsector. The industry sector also showed significant improvement, expanding by 4.0 percent, a notable increase from 1.1 percent in April 2025. This recovery was attributed to heightened mining activities, which contributed 29.9 percent to the overall growth.

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The industry sector also recorded improved performance, growing by 4.0 per cent in April 2026, up from 1.1 per cent in April 2025.

Furthermore, the agriculture sector rebounded, growing by 1.7 percent in April 2026 after experiencing a 6.9 percent contraction in the same period last year. This recovery was primarily driven by improved performance in the crops and livestock subsector, contributing 4.5 percent to the total economic growth. Net taxes also accounted for 3.9 percent of the total growth recorded during the period.

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The agriculture sector rebounded after contracting in the same period last year. It grew by 1.7 per cent in April 2026, reversing the 6.9 per cent decline recorded in April 2025.