Ghana’s economy registered robust expansion in February 2026, growing by 7.7% year-on-year, based on the latest Monthly Indicator of Economic Growth published by the Ghana Statistical Service.
The figures indicate continued upward momentum across major sectors, with the services industry emerging as the primary contributor to overall economic performance during the period.
Data from the report revealed that the services sector grew by 7.4%, accounting for 47.6% of total economic expansion recorded in February 2026.
Much of this performance was driven by strong activity in the information and communication subsector, which played a key role in lifting output within services.
The industrial sector also performed strongly, recording a 9.6% increase year-on-year, supported mainly by growth in mining and quarrying operations. Meanwhile, agriculture expanded by 3.8%, with crop production and livestock activities contributing to the modest rise.
According to the report, the Monthly Indicator of Economic Growth rose to 111.3 in February 2026, up from 103.3 recorded during the same period in the previous year, reflecting sustained recovery in economic activity.
Government Statistician Dr. Alhassan Iddrisu noted that the latest data offers an early sign of improving economic conditions ahead of the upcoming quarterly GDP figures.
The Ghana Statistical Service explained that the index tracks monthly changes in economic performance across agriculture, industry and services using administrative and statistical data, adjusted for inflation effects.
While strong gains in services and industry suggest improving business conditions and rising investor confidence, analysts continue to monitor inflation trends, currency stability and global economic developments as key risks in the outlook ahead.