Households Urged to Reset Finances as Ghana’s Growth Gains Strength Beyond Oil -

The Government Statistician, Dr Alhassan Iddrisu, has called on Ghanaian households to take urgent steps to rebuild their financial resilience, as the country’s economic recovery gathers pace on the back of strong non-oil sector growth.

He urged families to tighten spending, rebuild savings, and strategically invest in skills and income streams aligned with fast-growing sectors such as information and communication technology (ICT), transport and logistics, agriculture value chains, and digital services.

According to him, aligning household economic activities with these expanding sectors will position Ghanaians to benefit from emerging opportunities in a strengthening economy.

His remarks follow new data showing Ghana’s economy grew by 5.8 percent in the fourth quarter of 2025, up from 4 percent during the same period in 2024—signalling renewed momentum toward the end of the year.

Dr Iddrisu noted that the growth surge was largely driven by non-oil activities, with non-oil GDP expanding by 7.1 percent, compared to 4.8 percent a year earlier. This underscores a shift in the structure of growth away from the oil and gas sector.

The agriculture sector also showed signs of recovery, growing by 5.3 percent, up from 3.2 percent in Q4 2024. The improvement was mainly driven by crops, which expanded by 6.6 percent, while cocoa rebounded to record a 3 percent growth after a sharp contraction of 12.8 percent the previous year.

Industry recorded modest gains, growing by 1.9 percent compared to 0.3 percent in Q4 2024. However, the sector remained under pressure due to a 16.8 percent contraction in oil and gas production, despite positive performances in manufacturing, which grew by 6.1 percent, and electricity, which expanded by 7.2 percent.

The services sector maintained its position as the backbone of the economy, growing by 8.6 percent. It accounted for over half of GDP at 50.6 percent and contributed 63.4 percent of overall economic growth.

In its outlook, the Ghana Statistical Service (GSS) reiterated the need for households to build financial buffers and take advantage of opportunities in high-growth sectors.

Businesses were also advised to channel investments into key growth areas, including ICT, transport and storage, manufacturing, agriculture value chains, education, and financial services. Firms were further encouraged to improve productivity, adopt technology, manage costs, and diversify supply chains to remain competitive.

For government, the GSS stressed the importance of sustaining the growth momentum by deepening support for high-performing sectors while addressing persistent weaknesses in oil and gas, mining, forestry, and other declining areas.

It added that continued investment in agricultural productivity, agro-processing, logistics, digital infrastructure, and industrial value chains will be critical to sustaining non-oil growth and broadening the country’s economic base.