Ghana’s industry sector recorded a stronger rebound in October 2025, posting a 3.0 per cent growth rate, according to the latest Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS).
This is a major improvement over the 0.4 per cent growth recorded in October 2024, signalling renewed momentum in industrial activity.
The MIEG is designed to provide “early signals on the economy’s direction” ahead of the release of quarterly GDP estimates, allowing policymakers and analysts to track short-term movements in economic activity.
The GSS noted that industry “exhibits signs of an expansion compared to the same period last year,” attributing the improved performance primarily to gains within manufacturing.
“This is primarily driven by growth observed in the manufacturing subsectors,” the report said.
The industry index rose from 106.7 in October 2024 to 109.9 in October 2025, reflecting the sector’s growing contribution to overall economic activity. In percentage terms, industry accounted for 28.7 per cent of the total 3.8 per cent growth recorded in October 2025.
The GSS further indicated that the improved industrial performance formed part of a broader upward trend in the economy, with the overall MIEG index increasing steadily from 105.4 in October 2023 to 112.7 in October 2025.
Despite the positive showing, the Service cautioned that the figures remain provisional, noting that “all figures published in today’s release are provisional” and that the MIEG “uses the first available data.”
