ACCRA, June 10 – Ghana’s economy recorded stronger growth in the first quarter of 2026, underscoring the country’s continued recovery from its most severe economic crisis in decades.
According to data released by the Ghana Statistical Service, gross domestic product (GDP) expanded by 6.4% year-on-year during the first three months of the year, up from a revised 6.2% growth rate recorded in the corresponding period of 2025.
The latest figures point to sustained economic momentum as Ghana continues to stabilize its economy following years of fiscal and debt challenges.
Government Statistician Alhassan Iddrisu said the performance reflected an economy that is continuing to expand while experiencing improved price stability.
“These results show an economy that continued to expand while experiencing greater price stability,” Iddrisu stated.
The services sector remained the primary driver of growth, supported by strong activity in information and communications technology, transportation, trade and related industries.
Industrial activity also contributed significantly to economic expansion, with mining and quarrying continuing to play a central role in supporting output growth.
Ghana remains one of Africa’s leading producers of gold, oil and cocoa, with the extractive sector continuing to generate export earnings and support economic activity.
While the services and industrial sectors led growth during the quarter, agriculture remained an important pillar of the economy, contributing to livelihoods, rural employment and food security.
The stronger GDP performance comes as Ghana continues to benefit from improving macroeconomic conditions.
Inflation has declined substantially over the past two years, helping to stabilize consumer purchasing power and improve business confidence.
However, inflationary pressures have begun to re-emerge in recent months amid rising global energy prices linked to geopolitical tensions in the Middle East.
Annual inflation edged higher to 3.7% in May, marking a slight increase from earlier levels and reflecting the impact of higher fuel and transport costs.
Despite these challenges, Ghana’s economic outlook remains relatively positive as policymakers continue implementing reforms aimed at strengthening fiscal sustainability, supporting investment and maintaining macroeconomic stability.
The latest growth figures reinforce expectations that Ghana’s recovery remains on track, supported by resilient domestic activity and continued expansion across key sectors of the economy.
