{"id":147980,"date":"2025-09-11T02:53:11","date_gmt":"2025-09-11T02:53:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/147980\/"},"modified":"2025-09-11T02:53:11","modified_gmt":"2025-09-11T02:53:11","slug":"how-ghanas-economy-performed-in-q2-2025-gss-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/147980\/","title":{"rendered":"How Ghana&#8217;s economy performed in Q2 2025 \u2013 GSS report"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/How-Ghana-s-economy-performed-in-Q2-2025-GSS-report-2000096?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/09\/90290459.295.jpg\" alt=\"File photo of Makola Market [Image Credit: JAFEPX]\" title=\"File photo of Makola Market [Image Credit: JAFEPX]\" width=\"295\" height=\"197\" \/> <\/a>File photo of Makola Market [Image Credit: JAFEPX]<\/p>\n<p id=\"article-123\">Ghana\u2019s economy expanded by 6.3% in the second quarter of 2025, marking an improvement over the 5.7% recorded during the same period last year.<\/p>\n<p>According to the latest data from the Ghana Statistical Service (GSS), growth was largely driven by the services sector, which surged by 9.9%, compared to just 2% in Q2 of 2024.<\/p>\n<p>Key contributors to this expansion included the finance, insurance, trade, and education sectors, which continue to demonstrate resilience and dynamism.<\/p>\n<p>Meanwhile, non-oil GDP rose by 7.8%, supported by gains in agriculture and other productive sectors. This helped cushion the impact of a decline in oil production.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Cedi-weakens-further-to-trade-at-GH-12-10-to-1-1999996\" rel=\"nofollow noopener\" target=\"_blank\">Cedi weakens further to trade at GH\u00a212.10 to $1<\/a><\/p>\n<p>Commenting on the figures, Government Statistician, Dr Alhassan Iddrisu said the performance reflects a strengthening recovery and growing momentum across multiple sectors.<\/p>\n<p>\u201cWe\u2019re seeing signs of real economic resilience,\u201d he noted.<\/p>\n<p>Inflation also moved in a positive direction, easing to 11.5% in August, its lowest level since October 2021. This beats the Finance Ministry\u2019s year-end target of 11.9%, offering renewed optimism for households and businesses.<\/p>\n<p>The stronger-than-expected growth is expected to bolster investor confidence as the government continues to implement IMF-backed reforms aimed at restoring macroeconomic stability and unlocking new opportunities for development.<\/p>\n<p>SA\/MA<\/p>\n<p>GhanaWeb&#8217;s latest documentary, Sex for Fish, that explores the plights of teenage girls in coastal communities, all in an attempt to survive, is out. Watch it below:<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"File photo of Makola Market [Image Credit: JAFEPX] Ghana\u2019s economy expanded by 6.3% in the second quarter of&hellip;\n","protected":false},"author":2,"featured_media":147981,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-147980","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/147980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=147980"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/147980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/147981"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=147980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=147980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=147980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}