Production of ‘Goods and Services’ for November 2025 slows to 4.2% of GDP

Provisional data from the Ghana Statistical Service (GSS) suggests a slow Gross Domestic Product (GDP) growth of 4.2% in November 2025, compared to 7.1% in the same period in 2024.

The Monthly Indicator of Economic Growth (MIEG) released by the GSS showed that Agriculture grew by 4.1% in November 2025 compared to 3.8% in November 2024.

According to the Government Statistician, Dr. Alhassan Iddrisu, the modest improvement recorded by the sector was “driven primarily by fisheries and crop production”.

Industry’s growth slowed sharply. The sector recorded 0.4% compared to 6.2% in the same period, 2024. Despite the strong showing of gold last year, Dr. Iddrisu explained that the decline “is an indication of a slowdown in mining and quarrying activities, especially the oil and gas sectors, largely on the back of a contraction in the upstream petroleum sector”.

Services was the biggest contributor to aggregate production of goods and services, recording a growth of 6.7%, slower than the 10.2% recorded in 2024.

Agric contribution

The data also revealed that economic activities in Agriculture grew by 4.1%, compared to 3.8% in November 2024. This indicates that the agriculture sector experienced a modest improvement in performance compared to November 2024, demonstrating increased resilience and steady expansion over the period. The Agric sector contributed 32.4 percentage to overall growth of 4.2%.

Industry contribution

Industry recorded a growth rate of 0.4% in November 2025, compared to 6.2% in the same period the previous year.  The sector contributed 2.5% of the 4.2% growth in the MIEG.  This is an indication of a slowdown in mining and quarrying activities, compared to the same period last year.

Services contribution

Activities in the Services sector expanded by 6.7% in November 2025, compared to 10.2% in November 2024. The MIEG shows that although the services sector continued to expand in November 2025, the pace of growth slowed significantly compared to the same period in 2024. The sector contributed 57.7% of the 4.2% growth in the MIEG.