Ghana’s Economy Rebounds with 5.3% Q1 GDP Growth, Led by Services & Agriculture
Ghana’s economy showed strong signs of recovery in the first quarter of 2025, posting a 5.3% year-on-year GDP growth. Growth was primarily driven by robust expansions in both the services (5.9%) and agriculture (6.6%) sectors, signaling renewed momentum across the economy. 1. Accelerating Growth from Previous Quarters This marks an improvement from the 3.6% growth in the previous quarter and the 4.9% growth recorded in Q1 2024—underscoring accelerating momentum . 2. Sector-Wise Breakdown Agriculture (6.6%)Benefiting from a rebound in cocoa production after six straight quarters of decline, along with robust performance in crops and fishing. Services (5.9%)Led by Information & Communication (up 13.1%), Finance & Insurance (+9.3%), Transport & Storage (+8.6%), and Health & Social Work (+7.3%). Industry (3.4%)Moderate growth, reflecting weaker performance in the oil & gas sub-sector though offset by strong gold production (+5.6%). 3. Quarter-on-Quarter Comparison On […]
