Ghana's economic activity expanded by 7.4 per cent year-on-year in July 2026, up from 4.9 per cent in the same period last year, according to the Ghana Statistical Service's Monthly Indicator of Economic Growth released on Thursday, October 15, 2026.
The MIEG index, which measures overall economic activity with 2023 as the base year, rose from 113.2 in July 2025 to 121.6 in July 2026, an increase of 2.5 percentage points.
Sectoral performance
The services sector recorded the strongest growth at 12.2 per cent, up from 6.7 per cent in July 2025, an increase of 5.5 percentage points. The sector contributed 63.8 per cent to overall growth, making it the largest driver of economic activity for the month.
Industry grew by 5.4 per cent, up from 0.4 per cent in the same period last year, an increase of 5.0 percentage points. The sector contributed 20.5 per cent to overall growth.
Agriculture recorded growth of 3.7 per cent, down from 8.2 per cent in July 2025, a decline of 4.5 percentage points. The sector contributed 14.1 per cent to overall growth.
Net taxes contributed 1.6 per cent to the overall growth rate.
The services sector index rose from 114.5 in July 2025 to 128.5 in July 2026. The industry index increased from 111.1 to 117.1, while the agriculture index moved from 109.6 to 113.7 over the same period.