The services sector accounted for nearly 70 per cent of Ghana’s economic growth in August 2026, emerging as the biggest contributor to the country’s 6.8 per cent expansion in economic activities.
Figures released by the Ghana Statistical Service (GSS) show that services contributed 69.9 per cent of overall growth, significantly exceeding industry’s 21.2 per cent and agriculture’s 6.8 per cent.
The performance was supported by a 10.7 per cent expansion in services activities between August 2025 and August 2026.
Highlighting the sector’s contribution, the GSS stated in its August 2026 Monthly Indicator of Economic Growth (MIEG) report that “The services sector was the main contributor to August 2026 growth.”
The statistical authority further noted that “The sector contributed 69.9 percent to the overall growth of 6.8 percent in economic activities.”
The Information and Communication subsector was identified as the main driver of the services sector’s growth.
According to the report, “The Services sector grew by 10.7 percent between August 2025 and August 2026 as measured by the MIEG. This expansion in activity was mainly driven by the Information & Communication sub-sector.”
The industry sector recorded a 4.5 per cent increase, supported mainly by manufacturing, alongside contributions from mining and quarrying.
The GSS explained that “This increase was driven mainly by manufacturing, with support from mining and quarrying.”
Agriculture, meanwhile, expanded by 2.6 per cent, with growth driven by the crops and livestock subsectors.
The figures form part of the GSS’s August 2026 Monthly Indicator of Economic Growth (MIEG), which measures changes in economic activity across the agriculture, industry and services sectors.
Overall economic activity increased from an index of 108.0 in August 2025 to 115.4 in August 2026, representing annual growth of 6.8 per cent.
The latest performance compares with the 5.3 per cent growth recorded in August 2025.
The GSS noted that the August figures are provisional and subject to revision when additional and updated information becomes available.
The MIEG provides an early indication of economic performance before the publication of quarterly GDP figures.
The GSS explained that “the MIEG gives users a reliable early indication of movements in economic activity before the quarterly release.”
The next release, covering September 2026, is expected on December 9, 2026.
