Collins Sefa Ghana’s economy expanded at a faster pace in October 2025 compared to the same period last year, according to provisional data released by the Ghana Statistical Service (GSS) on January 14, 2026.
The Monthly Indicator of Economic Growth (MIEG) recorded a year-on-year growth rate of 3.8%, up from 3.0% in October 2024. The data highlights that the services sector was the primary engine of growth, rising by 5.5% and accounting for nearly 75% of overall economic expansion. Key contributors within services included the communication and wholesale and retail trade subsectors.
“The MIEG data shows continued strong performance in the services sector, driven largely by Communication and Wholesale and Retail Trade subsectors,” the release noted.
The industry sector also showed improved performance, expanding by 3.0% in October 2025, compared to a modest 0.4% growth in the same month of 2024. This sector contributed 28.7% to total growth. By contrast, agriculture slowed, growing only 0.9% versus 2.1% in October 2024, contributing just 1.3% to overall economic activity.
The MIEG index stood at 112.7 (base year 2023=100), up from 108.6 in October 2024. The report emphasizes that these figures are provisional and experimental, meaning they are subject to revisions as more comprehensive data becomes available. Similar to quarterly and annual GDP reports, updates can be made for up to two years after initial publication.
GSS also cautioned that the MIEG should be interpreted carefully: it is released ahead of quarterly GDP data, relies on early available sources, is more volatile, and is not seasonally adjusted, with only year-on-year growth rates reported.
The next MIEG release, covering November 2025, is scheduled for February 11, 2026, as the GSS continues its efforts to provide timely indicators of economic performance within 75 days of each reference month.
