Economy grew by 5.3% in quarter one 2025

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Ghana's economy grew by 5.3% in the first quarter of 2025, higher than the 4.9% recorded during the same period in 2024.

The non-oil growth rate, however, was 6.8%.

According to the Ghana Statistical Service (GSS), growth was driven by strong performance in the Services sector and a rebound in the Agricultural sector over the period.

However, Industry recorded a slow growth of 3.4% as a result of low activities and slow growth in the oil and gas sector.

Speaking to Journalists in Accra, the Government Statistician, Dr. Alhassan Iddrisu noted that the growth rate indicates positive uptake in the economy.

"All sectors recorded growth, apart from the Industry sector, which recorded a contraction. This is driven by oil and gas. Growth in the services sector was dominated by the ICT sector, followed by the Financial and Insurance sub-sectors", he said.

The top fine expanding sub-sectors of the economy were Fishing, ICT, Finance and Insurance, Transport and Storage as well as Health and social work

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