Ghana Revises July MIEG to 3.7% as August Growth Hits 5.1% — GSS Report
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Accra, Ghana — Ghana’s Monthly Indicator of Economic Growth (MIEG) for July 2025 has been revised downward to 3.7%, falling from the provisional 4.5% announced last month. This adjustment, released by the Ghana Statistical Service (GSS) at its economic briefing on Wednesday, reflects updated sectoral data from key producers.
According to the Government Statistician, Dr. Alhassan Iddrisu, the revision was driven largely by new data affecting mining and quarrying, manufacturing, trade, accommodation and food services, and transportation and storage. The updated figures underscore structural softness in parts of the industrial and services economy.
Despite the July correction, the broader economy showed stronger momentum in August. The provisional MIEG for August 2025 stands at 5.1%, up from 4.9% recorded in August 2024, signaling continued expansion in overall economic activity. The MIEG index rose to 108.0, compared with 102.7 in the same month last year.
The data show that Agriculture grew by 7.4% which is more than triple the 2.3% growth in August 2024. Services recorded a robust 9.6% expansion, driven by ICT, education, and trade, while Industry contracted by 1.8%, following a deeper 3.1% contraction in July. The services sector contributed the largest share to national growth, accounting for 80% of the total 5.1% expansion, while agriculture contributed 27.3%. Industry, however, dragged growth by 12.2%.
MIEG data, designed as a high-frequency early indicator of quarterly GDP, continues to show an upward economic trend from August 2023 (97.9) to August 2025 (108.0). However, the GSS cautions that monthly figures may be volatile due to limited time-series data and the absence of seasonal adjustments.
Dr Alhassan Iddrisu concluded that the government should continue to support agriculture and technology-driven services that will help sustain momentum. ”For businesses, the data suggests rising demand in services and agriculture-related value chains, so take advantage of that. And for households, staying informed about these trends helps guide decisions on jobs, skills, and consumption,” he added.
The next MIEG update, covering September 2025, will be released on December 10, 2025, alongside the full Q3 GDP estimate. All current figures remain provisional and subject to revision as new data arrive.
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