Ghana: Growth Slows to 5.1 Percent in May 2026 - Gss

What the report says

Ghana’s economy continued to grow in May 2026, but at a slower pace than a year earlier, according to the Ghana Statistical Service’s Monthly Indicator of Economic Growth, as reported by Ghanaian Times via AllAfrica. The report said the economy expanded 5.1% year on year in May 2026, down from 6.6% in May 2025, while the MIEG index rose to 121.9 from 115.9 on a 2023 base year.

The services sector was the main source of expansion. It grew 7.2% and contributed just over half of total growth, with activity in information and communication, financial services, transport and trade helping drive the result. Industry also expanded, rising 4.2%, supported mainly by mining and quarrying. Agriculture grew 3.6%, which was still positive but weaker than the same month in 2025, when the sector posted stronger gains.

GSS Government Statistician Dr Alhassan Iddrisu said the monthly indicator is meant to give policymakers, businesses and households a more frequent read on economic conditions than quarterly GDP figures alone. The agency urged government, the Bank of Ghana and other stakeholders to use the data in policy and planning decisions.

The figures suggest Ghana remained on a growth path in May, though with less momentum than a year earlier. The report also points to a familiar pattern in many economies: services leading activity while agriculture’s performance can be more sensitive to comparison effects and sector-specific support needs.