Services drive 7.4% expansion in Ghana’s economic activity

Ghana’s economic activity expanded by 7.4% year-on-year in July 2026, up from 4.9% in the same period last year, driven by strong growth in services and a recovery in industry. The latest Monthly Indicator of Economic Growth (MIEG), released by the Ghana Statistical Service (GSS), shows that the index rose to 121.6 in July from 113.2 a year earlier. Services remained the main driver of the expansion, growing by 12.2% year-on-year, compared with 6.7% in July 2025. The sector accounted for 63.8% of the growth recorded during the period, with information and communication leading the expansion.