While Ghana’s economic growth decelerated compared to last year, the country continued its upward trajectory in April 2026, posting a 4.7% year-on-year expansion.
According to the latest Monthly Indicator of Economic Growth (MIEG) from the Ghana Statistical Service (GSS), the economy is settling into a more moderate, yet steady, pace. The April figure represents a noticeable slowdown from the 7.4% surge recorded in the same month of 2025. However, the underlying MIEG index still climbed to 113.3, up from 108.2 a year prior, confirming that economic activity continues to expand.
The services sector remains the undeniable anchor of this growth. Even though its expansion rate cooled significantly from 15.1% last year to 6.0% in April, it was responsible for nearly two-thirds—or 61.7%—of the month’s total economic growth. This performance was largely fueled by the Information and Communication subsector.
In a notable shift, the industrial sector emerged as the primary accelerator. Growing by 4.0% in April, industry saw a strong rebound from the sluggish 1.1% growth posted a year earlier. Boosted largely by increased mining activity, the sector accounted for 29.9% of the overall economic expansion.
Agriculture, meanwhile, staged a successful comeback. After suffering a 6.9% contraction in April 2025, the sector bounced back into positive territory with 1.7% growth, driven by improved crop and livestock production. Agriculture rounded out the month’s performance with a 4.5% contribution to the total growth figure.
The GSS noted that these April figures are provisional. Designed as an early warning system for the economy, the MIEG provides analysts and policymakers with a timely snapshot of economic trends well before the official, comprehensive quarterly GDP numbers are released.
