Ghana’s economy grew by 6% in real terms in the second quarter of 2026, slowing from the 6.6% recorded in the same period last year, according to the latest data from the Ghana Statistical Service (GSS).
Government Statistician Dr Alhassan Iddrisu said the economy produced GH¢51.3 billion worth of goods and services in real terms during the quarter, up from GH¢48.4 billion in the second quarter of 2025.
The slowdown was more pronounced in the non-oil economy, which grew by 5.4%, compared with 8.5% a year earlier.
Services remain main growth driver
The services sector remained the largest contributor to economic activity, accounting for 45.9% of GDP and contributing 57.6% of total growth.
However, its growth rate eased to 8% in the second quarter from 9.5% in the corresponding period of 2025.
Industry, which accounted for 33.1% of GDP, grew by 4.3%, up from 2.4% a year earlier.
The sector contributed 23.5% of overall growth, with oil and gas activity providing a major boost.
Agriculture, which represented 21% of the economy, expanded by 3.9%, significantly lower than the 7.1% recorded in the second quarter of 2025. The sector contributed 13.3% of total growth.
Price pressures ease
Despite the moderation in economic growth, the latest figures showed a significant improvement in economy-wide price pressures.
The GDP deflator fell to 5.5% in the second quarter of 2026 from 18.6% a year earlier, representing a 13.1 percentage-point decline.
Dr Iddrisu described the combination of continued economic expansion and calmer price conditions as a notable development for households and businesses.
The latest data also showed divergent performances across specific sectors.
Information and communication technology recorded strong growth of 30.9%, signalling continued expansion in Ghana’s digital economy.
Fishing, however, contracted by 24.7%, raising concerns about the impact on fishing communities and food security.
Overall, the second-quarter figures indicate that Ghana’s economy continued to expand strongly, although at a slower pace than a year earlier, while the sharp moderation in price pressures emerged as a key feature of the latest GDP performance.
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