Ghana’s economy expanded by 7.7% in February 2026, according to the latest Monthly Indicator of Economic Growth (MIEG) from the Ghana Statistical Service (GSS). This growth rate reflects a significant increase in economic activities across the country. The MIEG index rose to 111.3 in February 2026 from 103.3 in February 2025.
Stronger economic activity across major sectors primarily explains this expansion. The services sector remained the largest contributor to overall economic growth, accounting for 47.6% of the 7.7% expansion. Industry followed closely, contributing 44.2%, while agriculture contributed 5.5%. Net indirect taxes accounted for the remaining 2.7%.
This performance fits into Ghana's broader economic recovery efforts. The MIEG serves as an early signal of Ghana’s quarterly Gross Domestic Product (GDP) growth trends. It tracks changes in economic performance on a monthly basis. Improved market performance and rising confidence in the Ghanaian economy underpin these figures. This data compares favourably to the same period last year.
Government Statistician, Alhassan Iddrisu, presented these figures at a press briefing in Accra. He stated that the latest data pointed to improved market performance and rising confidence in the Ghanaian economy compared to the same period in 2025. Such sentiments are crucial for attracting investment and sustaining growth.
The industry sector recorded the strongest growth among the three major sectors, expanding by 9.6% compared to February 2025. This growth was mainly driven by increased activities in mining and quarrying, manufacturing, and electricity production. This marks a significant improvement from the 2.8% growth recorded in industry during the same period in 2025.
The services sector also posted robust growth of 7.4%, an increase from 4.4% in February 2025. This expansion was largely supported by activities in information and communication, finance and insurance, health, and trade subsectors. Continued growth in these areas indicates a diversifying economy beyond traditional sectors.
Agriculture, however, recorded slower growth of 3.8% compared to the 9.4% growth achieved in February 2025. The GSS attributed the sector’s performance mainly to activities in crops, livestock, forestry and logging. This slowdown in agriculture warrants close monitoring, as it is a crucial sector for employment and food security.
The GSS also highlighted revisions made to the January 2026 MIEG estimates. The January growth figure was revised downward from a provisional estimate of 7.5% to 6.1%. This revision occurred after the incorporation of new data from the Ghana Revenue Authority, Fisheries Commission, Controller and Accountant-General’s Department, and the Volta River Authority. These revisions affected manufacturing, trade, fishing, electricity, public administration, health, and education subsectors. While industry estimates were revised upward from 7.0% to 8.9%, services recorded the sharpest downward revision, dropping from 9.6% to 5.3%. These revisions underscore the dynamic nature of economic data and the GSS's commitment to accuracy.
Looking ahead, sustained growth in industry and services will be critical for Ghana’s economic outlook. Decision-makers will analyze these trends to inform policy and investment strategies. Market participants will also watch for continued strong performance in key sectors. This could signal ongoing economic stability and potential for further expansion.