Ghana has kicked off the year on a strong economic footing, recording a 7.5% growth rate in January, signalling renewed momentum across key sectors.

The encouraging performance reflects improved productivity, increased industrial activity, and a gradual rebound in both domestic demand and external trade.

According to early indicators from the Monthly Indicator of Economic Growth (MIEG) data of the Ghana Statistical Service, the growth was driven largely by gains in manufacturing, agriculture and services. The industrial sector, in particular, showed resilience, supported by higher output in construction and energy.

The data shows the services sector as the clear driver of activity, growing by 9.6% and contributing 54.3% of total growth. Industry followed with a 7.2% expansion, accounting for 29.0%, while agriculture recorded the slowest growth at 4.5%, contributing 14.0%.

According to Alhassan Iddrisu, Government Statistician, the strong showing of the services sector reflects its dominant influence on Ghana’s economy, reinforcing a clear shift toward service-led growth.

That said, the figures highlight uneven progress. Rapid expansion in services contrasts with the slower pace in agriculture, raising concerns about productivity in a sector essential for jobs and food supply. Industry performance, though solid, also indicates room for greater value addition and higher output levels.

To sustain momentum, policymakers will need a balanced approach—strengthening industry, revitalising agriculture, and leveraging services growth to support broader economic stability and resilience into 2026.

In addition, government policies focused on fiscal discipline and structural reforms appear to be yielding results.

As Ghana moves further into the year, stakeholders remain optimistic that the strong start will set the tone for broader economic recovery and long-term resilience.