Ghana’s economy recorded a 4.7 percent year-on-year expansion in April 2026, according to the latest Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS) on July 8, 2026.
The indicator, which provides an early measure of economic performance ahead of quarterly GDP releases, showed the economy-wide MIEG index rising to 113.3 in April 2026 from 108.2 in April 2025.
Data from the report indicate that growth was largely supported by strong performance in the services sector, while industry and agriculture also recorded positive gains.
The services sector emerged as the main engine of growth, expanding by 6.0 percent year-on-year and contributing 61.7 percent of overall economic growth during the period.
The GSS attributed the sector’s performance primarily to increased activity within the Information and Communication subsector.
Industry recorded growth of 4.0 percent, accounting for 29.9 percent of total economic expansion. According to the report, the sector’s performance was mainly driven by gains in mining and quarrying activities.
Agriculture posted the slowest growth among the three broad sectors, expanding by 1.7 percent compared with the same period last year. Growth in the sector was supported largely by improvements in the crops and livestock subsector. Agriculture contributed 4.5 percent to overall growth.
The MIEG is designed to provide a timely snapshot of economic activity by tracking monthly changes across sectors covered by Ghana’s quarterly GDP framework.
The index is compiled using monthly volume indicators and administrative data, with figures adjusted for inflation using the Consumer Price Index (CPI) and Producer Price Index (PPI).
The GSS noted that the indicator uses data sources consistent with those employed in the national accounts system, helping to ensure alignment between monthly estimates and official quarterly GDP figures.
As an experimental statistic, the MIEG remains subject to revisions as additional data become available. The April 2026 figures are therefore provisional and may be updated in future releases.
Under the GSS revisions policy, MIEG estimates can be revised for up to two years following publication. Revisions may result from the incorporation of improved datasets or reconciliation with quarterly and annual national accounts.
The statistical service also noted that the indicator is currently published as a non-seasonally adjusted series, meaning only year-on-year growth rates are reported. Seasonal adjustments will be introduced once sufficient historical data are available.
Source: businesspostonline
