Story By: Akua Oteng Amponsah
The Government Statistician, Dr. Alhassan Iddrisu, has indicated that Ghana’s economy is recovering, based on the first-quarter Gross Domestic Product (GDP) estimates.
According to him, the figures are a sign of growth and recovery for the Ghanaian economy.
Ghana’s economy grew by 5.3% in the first quarter of 2025, compared to 4.9% recorded during the same period in 2024. On a quarter-on-quarter basis, the economy expanded by 1.4% in the first quarter of 2025, compared to 0.9% in the first quarter of 2024.
“We can also say that the development shows that the economy is expanding in all areas,” Dr. Iddrisu said.
The main drivers of first-quarter growth included Crops, Information and Communication, Manufacturing, and Trade and Repair of Vehicles. Household Goods, Transport and Storage, and Finance and Insurance also significantly contributed to the GDP performance.
According to the Ghana Statistical Service, these sub-sectors contributed about 84.5% of the 5.3% growth recorded in the first quarter of 2025.
A breakdown of the figures shows that the Fishing sector grew by 16.4%, Information and Communication posted 13.1% growth, Finance and Insurance grew by 9.3%, Transport and Storage by 8.6%, and Health and Social Work by 7.3%.
In terms of sectoral performance, the Agriculture sector recorded the highest real GDP growth of 6.6% year-on-year, followed by the Services sector at 5.9%, while the Industry sector recorded a growth rate of 3.4%.
The Services sector remains the largest component of the Ghanaian economy in Q1 2025, accounting for 46.8% of GDP at basic prices, with Industry and Agriculture accounting for 29.7% and 23.5%, respectively.
