The first quarter of the year 2025 saw positive gains within the economy as major sectors made a comeback with impressive growth signaling recoveries from their slump in the same period last year. The Industrial sector however saw low growth this year posting 3.4% as against 6.7% recorded last year, while Services and Agricultural sectors grew by 5.9% (from 4.7% Q1 2024) and 6.6% (from 2.4% Q1 2024) respectively. Overall the economy grew by 5.3% of GDP from 4.9% recorded in Q1 2024. Non-Oil GDP was more robust than the overall GDP which saw an impressive growth of 6.8% without the oil and gas sector against the 4.3% it recorded last year.

The Ghana Statistical Service (GSS) observed that Fishing, Information and Communication sub-sectors expanded during the period by 16.4% and 13.1% respectively; Finance & Insurance 9.3%, Transport & Storage 8.6%, and Health & Social Work 7.3%. Services remain the largest sector of the economy representing 46.8% with ICT leading it and growing at 13.1%. Meanwhile, despite experiencing a slump in the first quarter of the year, the Industry sector maintained its position as the second largest sector and followed by Agriculture. GSS noted, the manufacturing sub-sector was strong growing by 6.6% therefore indicating that local production is holding up making it an imperative for small and medium enterprises to leverage infrastructure including roads, irrigation, and storage facilities to source local inputs and access markets under the African Continental Free Trade Area framework as well as the government’s flagship Big Push Programme.