The Bank of Ghana’s updated Composite Index of Economic Activity (CIEA) recorded a strong growth outturn of 9.6% in October 2025.

This is compared to 2.9% growth for the corresponding period of 2024.

According to the Monetary Policy Committee (MPC) report, the Composite Index of Economic Activity is also posting strong gains

It revealed that industrial production, international trade activities, credit to the private sector, and consumption contributed to the increase in the Index over the period.

According to the MPC, its latest confidence surveys, conducted in October 2025, reflected continued optimism on current and future economic conditions.

Also, Ghana’s Purchasing Managers’ Index improved on account of new orders in response to the increased pace of economic activity.

“Taken together, these gains indicate that the negative output gap is closing”, it pointed out.

The Central Bank concluded that the expectation is that, should this momentum be maintained in September 2025, the Gross Domestic Product (GDP) growth outturn for the year will remain strong.