Market News

BY  Emmanuel Bruce and Christian Akorlie

ACCRA, June 10 (Reuters) – Ghana’s economic growth accelerated in the first quarter of this year, with activity still driven by its services sector, statistics agency data showed on Wednesday.

• Gross domestic product grew by 6.4% year-on-year in the first three months of 2026, up from a revised 6.2% in the same period of 2025, the data showed.
• “These results show an economy that continued to expand while experiencing greater price stability,” government statistician Alhassan Iddrisu said.
• The services and industrial sectors continued to drive economic expansion, Iddrisu said, adding that agriculture remained an important source of livelihoods and food security.
• The services sector encompasses information and communication technology, transport and trade, while mining and quarrying are a key part of the industrial sector.
• The West African gold, oil and cocoa-producing nation is emerging from its most severe economic crisis in decades.
• Ghana’s inflation has slowed sharply in the past two years, but it has edged up slightly since the Iran war started, reaching 3.7% year-on-year in May.