Ghana’s economy expanded by 4.7% year-on-year in April 2026. The services sector remained the biggest contributor to this economic activity, while stronger mining output bolstered the industry sector.
This growth rate, although positive, shows a slowdown from the 7.4% recorded in April 2025. The latest Monthly Indicator of Economic Growth (MIEG) from the Ghana Statistical Service (GSS) indicates that economic activity is expanding at a slower rate across key sectors. However, the MIEG index rose to 113.3 in April 2026 from 108.2 a year earlier.
This continued economic expansion fits Ghana's recent growth trajectory. The MIEG index has steadily climbed from 96 in April 2023 to 113.3 in April 2026, showing sustained economic activity over three years. Despite the moderation, the economy continued to grow, demonstrating resilience in challenging times. All three major sectors—services, industry, and agriculture—recorded positive growth during the month.
The Ghana Statistical Service reported that all three sectors achieved positive growth in April 2026. This broad-based growth, though slower, highlights the economy’s ability to sustain expansion. The GSS also noted that these April 2026 estimates are provisional and may be updated as more data become available.
Moving forward, stakeholders will closely monitor economic indicators for signs of further moderation or renewed acceleration. The government and businesses will look for strategies to invigorate all key sectors to maintain the growth momentum. The performance of the services and mining sectors will remain crucial for Ghana's overall economic health.
The services sector led the expansion, growing by 6.0% year-on-year in April 2026. This sector accounted for 61.7% of the total economic growth. Activities in the Information and Communication subsector were particularly strong, driving much of this performance. The steady growth in services shows its importance as the backbone of Ghana's economy.
Industry also saw significant improvement, growing by 4.0% compared to just 1.1% in April 2025. This boost came primarily from increased mining activity. The mining sector contributed 29.9% of the total growth during the month, highlighting its vital role in the industrial segment. This stronger performance in industry provides a welcome diversification of growth drivers.
Agriculture returned to positive growth after a period of contraction. The sector expanded by 1.7% in April 2026. This recovery is a significant improvement from the 6.9% decline experienced in April 2025. The crops and livestock subsectors largely supported this positive turnaround. Agriculture contributed 4.5% to the overall economic growth for the month.