Economic activity in Ghana expanded by 3.8 per cent in October 2025, driven largely by strong growth in the services and industry sectors, according to the latest Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).
The provisional MIEG index for October 2025 stood at 112.7, compared to 108.6 recorded in the same period in 2024, indicating a year-on-year growth rate of 3.8 per cent .
“The MIEG index for October 2025 is 112.7. This compares to an index figure of 108.6 in October 2024. The yearly growth rate of the index is therefore 3.8 percent,” the report noted .
The services sector emerged as the main driver of economic expansion during the period, recording a growth rate of 5.5 per cent.
According to the GSS, the sector alone contributed 2.8 percentage points to the overall growth recorded in October.
“The services sector was the main contributor to October 2025 growth. The sector contributed 2.8 percentage points to the overall growth of 3.8 percent in economic activity,” the report stated .
The growth in services was largely propelled by increased activity in Information and Communication as well as Trade.
Economic activities within the industry sector expanded by 3.0 per cent over the period, contributing 1.1 percentage points to total growth. The expansion was mainly attributed to improved performance in the manufacturing sub-sector.
“This increase can be attributed to the growth observed in the manufacturing sub-sector,” the GSS explained .
Meanwhile, the agriculture sector recorded a relatively modest growth of 0.9 per cent, contributing 0.05 percentage points to the overall expansion. The improvement was driven largely by increased activity in the fishing sub-sector.
“Agriculture increased by 0.9 percent between October 2024 and October 2025. This was driven by an increase growth rate in fishing activities in October,” the report said .
The GSS noted that the MIEG is currently published as an experimental statistic and remains subject to revision as more comprehensive data becomes available.
“The MIEG gives users a reliable early indication of movements in economic activity before the quarterly release,” the Service said .
The October 2025 MIEG was released on January 14, 2026, with the next edition, covering November 2025, scheduled for release on February 11, 2026.
