{"id":15046,"date":"2026-02-13T15:30:20","date_gmt":"2026-02-13T15:30:20","guid":{"rendered":"https:\/\/gnbcc.net\/?p=15046"},"modified":"2026-02-13T15:30:27","modified_gmt":"2026-02-13T15:30:27","slug":"ghanas-economic-growth-slows-in-november-2025-report","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/ghanas-economic-growth-slows-in-november-2025-report\/","title":{"rendered":"Ghana’s economic growth slows in November 2025 – Report"},"content":{"rendered":"\n

The country’s economic growth slowed in November, with industry weighing on overall output even as services remained strong according to provisional data released by the Ghana Statistical Service.<\/p>\n\n\n\n

The Monthly Indicator of Economic Growth (MIEG) showed the economy expanded 4.2 percent year-on-year in November 2025, down from 7.1% in the same month a year earlier.<\/p>\n\n\n\n

Government Statistician, Dr Alhassan Iddrisu, said the data point to continued expansion, but at a slower pace.<\/p>\n\n\n\n

\u201cIn plain language, Ghana produced 4.2 percent more goods and services in November 2025 than it did one year earlier,\u201d he said.<\/p>\n\n\n\n

\u201cThe economy is still growing, but the pace of growth has slowed. Total growth declined from 7.1 percent in November 2024 to 4.2 percent in November 2025. Agriculture improved modestly. Industry slowed sharply. Services remained strong but cooled.\u201d<\/p>\n\n\n\n

Agriculture grew 4.1 percent in November, slightly higher than the 3.8 percent recorded a year earlier.<\/p>\n\n\n\n

The sector contributed 32.4 percent to overall growth, supported by stronger crop production and fisheries. Officials said the data show resilience in the sector despite seasonal patterns.<\/p>\n\n\n\n

Industry was the main drag. Growth in the sector slowed to 0.4 percent from 6.2 percent a year earlier, contributing just 2.5 percent to overall expansion. The weakness was driven by a decline in mining and quarrying, particularly oil and gas production.<\/p>\n\n\n\n

Responding to questions on why strong gold output did not offset the decline, Iddrisu said crude oil contraction was significant.<\/p>\n\n\n\n

\u201cGold has a higher weight compared to oil and gas,\u201d he said.<\/p>\n\n\n\n

\u201cBut the contraction in crude oil was so prominent that despite the positive performance in gold, it still dragged industrial performance down to 0.4 percent. Mining and quarrying dropped significantly because of the reduction in petroleum production,\u201d he said.<\/p>\n\n\n\n

Services remained the largest contributor to growth. The sector expanded 6.7 percent in November \u2013 down from 10.2 percent a year earlier \u2013 and accounted for 57.7 percent of total growth. The expansion was driven by information and communication activities, as well as public administration and social security services.<\/p>\n\n\n\n

The MIEG is compiled using international standards under the United Nations System of National Accounts and serves as an early signal of quarterly GDP trends. Officials caution that the figures are provisional and subject to revision.<\/p>\n\n\n\n

\u201cThe MIEG tells us the economy\u2019s direction and momentum, not the final score,\u201d Dr. Iddrisu said.<\/p>\n\n\n\n

\u201cIt is based on early data and can be more volatile than quarterly GDP, but it usually points in the same direction as upcoming GDP estimates,\u201d he said.<\/p>\n\n\n\n

October and November readings serve as the first two leading indicators for fourth-quarter 2025 GDP, which will be released in March 2026 alongside the December MIEG.<\/p>\n\n\n\n

The latest data suggest that while economic activity remains positive in the fourth quarter, momentum has eased, particularly in industry and parts of services.<\/p>\n\n\n\n

Any rebound in oil and gas investment will reflect in the data once production increases are recorded, Dr Iddrisu added, noting that the speed of impact depends on how quickly new investments translate into output.<\/p>\n\n\n\n

Click here<\/strong> <\/a>for source.<\/p>\n","protected":false},"excerpt":{"rendered":"

The country’s economic growth slowed in November, with industry weighing on overall output even as services remained strong according to provisional data released by the Ghana Statistical Service. The Monthly Indicator of Economic Growth (MIEG) showed the economy expanded 4.2 percent year-on-year in November 2025, down from 7.1% in the same month a year earlier.<\/p>\n","protected":false},"author":1,"featured_media":15047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-15046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":15453,"url":"https:\/\/gnbcc.net\/q4-2025-growth-accelerates-to-5-8-full-year-expansion-hits-6-ahead-of-mpc-decision\/","url_meta":{"origin":15046,"position":0},"title":"Q4 2025 growth accelerates to 5.8%, full-year expansion hits 6% ahead of MPC decision","author":"Michael Teye","date":"March 19, 2026","format":false,"excerpt":"The economy recorded a year-on-year growth of 5.8 percent in fourth quarter-2025, pushing full-year expansion to 6 percent according to provisional data released by Ghana Statistical Service (GSS).","rel":"","context":"In "News Articles"","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/GSS-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/GSS-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/GSS-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/GSS-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/GSS-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/GSS-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":14352,"url":"https:\/\/gnbcc.net\/economy-maintains-momentum-with-5-5-q3-growth\/","url_meta":{"origin":15046,"position":1},"title":"Economy maintains momentum with 5.5% Q3 growth","author":"Michael Teye","date":"December 12, 2025","format":false,"excerpt":"The economy expanded 5.5 percent in the third quarter of 2025, maintaining the steady momentum recorded throughout the year despite slowing from the 7 percent recorded during the comparable period 0f 2024. Fresh data from the Ghana Statistical Service (GSS) show strong gains in agriculture and services, while persistent weakness\u2026","rel":"","context":"In "News Articles"","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Economy-maintains-momentum-with.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Economy-maintains-momentum-with.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Economy-maintains-momentum-with.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Economy-maintains-momentum-with.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Economy-maintains-momentum-with.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":14831,"url":"https:\/\/gnbcc.net\/central-bank-extends-easing-cycle-with-250bps-rate-cut-to-15-5\/","url_meta":{"origin":15046,"position":2},"title":"Central bank extends easing cycle with 250bps rate cut to 15.5%","author":"Michael Teye","date":"January 30, 2026","format":false,"excerpt":"The Bank of Ghana (BoG) has cut its benchmark interest rate by 250 basis points (bps) to 15.5 percent, extending its easing cycle to a four-year low as falling inflation and improved macroeconomic conditions allow policymakers to shift focus toward supporting growth.","rel":"","context":"In "News Articles"","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/BOG-th-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/BOG-th-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/BOG-th-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/BOG-th-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/BOG-th-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/BOG-th-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":14526,"url":"https:\/\/gnbcc.net\/inflation-ends-2025-at-5-4-from-23-8-in-2024\/","url_meta":{"origin":15046,"position":3},"title":"Inflation ends 2025 at 5.4% from 23.8% in 2024","author":"Michael Teye","date":"January 8, 2026","format":false,"excerpt":"Ghana\u2019s inflation rate fell to 5.4 percent in December 2025, extending a disinflation trend that has now lasted 12 consecutive months. The rate slowed from 6.3 percent in November 2025 and 23.8 percent in December 2024, marking a decline of 18.4 percentage points over the year.","rel":"","context":"In "News Articles"","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Dece-Inflation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Dece-Inflation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Dece-Inflation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Dece-Inflation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Dece-Inflation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":16100,"url":"https:\/\/gnbcc.net\/ceo-summit-mahama-positions-private-sector-at-centre-of-post-imf-growth-strategy\/","url_meta":{"origin":15046,"position":4},"title":"CEO Summit: Mahama positions private sector at centre of post-IMF growth strategy","author":"Grace Agorigo","date":"June 5, 2026","format":false,"excerpt":"President John Dramani Mahama, during remarks at the 10th Ghana CEO Summit, has described the private sector as the principal driver of Ghana\u2019s next phase of economic expansion. He said the role of private enterprise had become even more critical as the country transitions from a period of crisis stabilisation\u2026","rel":"","context":"In "News Articles"","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":18951,"url":"https:\/\/gnbcc.net\/finance-minister-begins-consultations-with-trade-ministry-on-new-economy-programme\/","url_meta":{"origin":15046,"position":5},"title":"Finance Minister begins consultations with Trade Ministry on New Economy Programme","author":"Paul N.","date":"September 4, 2026","format":false,"excerpt":"Finance Minister Dr Cassiel Ato Forson has begun consultations on Ghana\u2019s New Economy programme, which aims to shift the country from economic stabilisation towards job creation, wealth generation and sustainable growth.","rel":"","context":"In "News Articles"","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/09\/ESQ-Elsie-46.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/09\/ESQ-Elsie-46.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/09\/ESQ-Elsie-46.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/09\/ESQ-Elsie-46.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/09\/ESQ-Elsie-46.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/02\/econ-gro-scaled.jpg","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=15046"}],"version-history":[{"count":1,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15046\/revisions"}],"predecessor-version":[{"id":15048,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15046\/revisions\/15048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/15047"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=15046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=15046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=15046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}