Ghana’s economy expanded by 5.5% year-on-year in the third quarter of 2025, driven by an improvement in the agriculture and services sectors, the statistics agency said this Wednesday.<\/p>\n
<\/p>\n
However, growth slowed from a revised 7.0% in the same period last year, dragged down mostly by the industrial sector that expanded by only 0.8%, Government Statistician Alhassan Iddrisu told reporters.<\/p>\n
<\/p>\n
Fishing and crop production lifted the growth in the agricultural sector to 8.6%, Iddrisu said, adding that the services sector, encompassing finance, insurance, trade, and education grew by 7.6%.<\/p>\n
<\/p>\n
“Agriculture’s contribution to growth was outsized, showing a sector that is recovering quickly and adding real weight to the national output,” Iddrisu said.<\/p>\n
<\/p>\n
Non-oil real gross domestic product grew by 6.8% compared to 7.8% a year ago.<\/p>\n
<\/p>\n
The country, which produces gold, oil and cocoa, is emerging from its most severe economic crisis in decades. Its annual inflation rate dropped for the 11th consecutive month to 6.3% in November, its lowest level since a rebasing exercise in 2021.<\/p>\n
<\/p>\n
In response to the falling inflation, Ghana’s central bank cut its main interest rate by a cumulative 1 000 basis points this year, citing an improved economic outlook and expectations for inflation to fall further.<\/p>\n
<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":20836,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20835","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Ghana's economy expanded by 5.5% year-on-year in the third quarter of 2025","published_date":"2025-12-10 15:21:50","news_description":"Ghana's economy expanded by 5.5% year-on-year in the third quarter of 2025","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20835\/revisions"}],"predecessor-version":[{"id":24729,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20835\/revisions\/24729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20836"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20835"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}