The global economy remained resilient during the first half of 2025, but growth momentum weakened amid escalating trade tensions, heightened policy uncertainty, and slowing activity in several major economies. After showing signs of stabilisation in 2024, the global outlook deteriorated as new tariff measures, particularly those introduced by the United States and subsequent retaliatory actions by trading partners, weighed on business confidence and investment.
Ghana's economy expanded by 6.3% year-on-year in Q2 2025, sustaining Q1's pace and marking the fastest growth since Q3 2024. Services led with a 9.9% rise, driven by ICT (+21.3%), education (+16.6%), and health (+14.6%). Agriculture grew 5.2%, while industry rose 2.3%, offset by a 22.5% contraction in oil and gas. On the demand side, household consumption (+12.2%), investment (+17.1%), and net exports (+691.6%) supported growth. Seasonally adjusted GDP rose by 1.4% quarter-on-quarter.
