GHANA’S economic growth slowed by 4.2 per cent in November 2025 as compared with 7.1 per cent in the same period in 2024, the Ghana Statistical Service (GSS) has revealed.
The Monthly Indicator of Economic Growth (MIEG) index increased to 122.7 in November 2025 from 117.7 in 2024, indicating higher overall economic activity. The figures, contained in the latest MIEG, provide an early signal of the country’s economic performance ahead of the release of official quarterly gross domestic product (GDP) estimates.
Speaking at the release of the report in Accra yesterday, the Government Statistician, Dr Alhassan Iddrisu, said the monthly indicator offers policymakers, business investors, and households timely insight into the direction of the economy before full quarterly GDP data are published.
He added that the indicator measures trends across agriculture, industry and services using data aligned with the United Nations System of National Accounts to ensure international comparability.
The Government Statistician said agriculture recorded growth of 4.1 per cent in November 2025, up from 3.8 per cent in November 2024, and contributed 32.4 per cent to overall expansion. The improvement, he said, was driven largely by stronger output in fisheries and crop production, underscoring the sector’s importance to food supply and rural incomes.
The services sector remained the largest driver of economic activity, expanding by 6.7 per cent and accounting for 57.7 per cent of overall growth. Performance was supported primarily by information and communication services, as well as public administration and social security activities. However, that represented a slower pace compared with the 10.2 per cent growth recorded in November 2024.
He said industry growth, however, weakened significantly. Dr Alhassan Iddrisu said the sector expanded by only 0.4 per cent, down sharply from 6.2 per cent recorded a year earlier, contributing just 2.5 per cent to total growth. The slowdown, he said, was attributed mainly to weaker activity in mining and quarrying, particularly in oil and gas production, highlighting emerging pressures within the extractive industries.
According to the GSS Boss, the data suggested that while economic activity continues to expand, momentum has moderated, particularly in industry and some areas of services. Agriculture, he said, posted modest gains, but industrial weakness played a significant role in slowing overall growth.
He expressed GSS commitment to providing timely and credible data to support evidence-based policymaking and national development.
BY KINGSLEY ASARE & RAYMOND APPIAH AMPONSAH
Follow Ghanaian Times WhatsApp Channel today. https://whatsapp.com/channel/0029VbAjG7g3gvWajUAEX12Q
Trusted News. Real Stories. Anytime, Anywhere.
Join our WhatsApp Channel now! https://whatsapp.com/channel/0029VbAjG7g3gvWajUAEX12Q
