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| Ghana economy continues stronger performance – GSS |
This is compared with the three per cent growth recorded in October 2024, says the Monthly Indicator of Economic Growth (MIEG) released by GSS on January 14. The MIEG gives an early signal of how the economy is likely to perform ahead of the calculation of Gross Domestic Product (GDP) – the total value of goods and services produced in the country. Figures reported by the Statistical Service showed a 112.7 growth index in economic activities across agriculture, industry and services in October 2025, compared with the 108.6 increase in October 2024. The Monthly Indicator of Economic Growth, a volume index which captures changes in economic activity monthly, recorded 0.9 per cent agriculture growth, three percent in the industry sector, with the services sector recording a growth of 5.5 per cent. The expansion in the services sector was driven by communication, wholesale and retail trade, while that of industry was attributed to manufacturing sub-sector growth, with fishing activities driving the expansion in the agriculture sector. Dr Alhassan Iddrisu, the Government Statistician, addressing the press in Accra, noted that the 3.8 per cent growth in economic activities in October 2025 meant that “the overall economic activity was higher this October than a year ago.” “The data shows that from October 2023 to October 2025, the economy follows a clear upward path, rising from an index value of 105.4 to 112.7.” “This confirms that economic activities have been expanding steadily over the past two years.” He explained that the sustained upward trend showed a positive momentum entering the final quarter of 2025, noting that while monthly figures could be volatile, the data signalled continued expansion, particularly from the services and industry sectors. The Government Statistician encouraged the government to continue to strengthen industrial productivity and value addition, while addressing structural challenges in the agriculture sector to improve resilience. He asked businesses to leverage opportunities in manufacturing, trade and digital services through investment for expansion to support job creation, while urging households to plan carefully, taking into consideration seasonal fluctuation in prices. Responding to a question posed by the Ghana News Agency on risks, Dr Iddrisu explained that anytime growth in the economy was positive, it meant that it was heading towards the right direction. He, however, cited inflation, exchange rate movement, fiscal deficit and energy sector challenges as risks that the government ought to watch going forward, focusing on sustaining economic stability. “Economic stabilisation is key…For example, there is no way you will be able to grow your economy in an environment of hyperinflation or inflation that you cannot predict today,” he stated. “You need to watch inflation and forex movements and identify both financial and non-financial risks in the energy sector and address them because without energy we cannot produce goods and services.” Source: GNA The post Ghana economy continues stronger performance – GSS appeared first on Ghana Business News. |
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Nigeria exits EU high-risk list, boosts investor confidence – Edun *Says affordable food, jobs now focus of reforms *Reforms eliminated distortions, level playing field for investors *Defends ₦152trn debt, cites transparency reforms By Babajide Komolafe Nigeria’s exit from the European Union’s high-risk third-country list is a major boost for investor confidence, the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, has said, as the government moves to prioritise affordable food, housing, and job creation in the next phase o |
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Court remands farmer over GH¢110,000 car fraud A 54-year-old farmer, believed to be part of a vehicle fraud syndicate, has been remanded into police custody by the Amasaman Circuit Court to assist investigations into an alleged GH¢110,000 car fraud. The accused, Richmond Osei Sarfo, has denied conspiring with others, currently at large, to defraud Mr Raphael Kwoa, an accountant residing at Mataheko, Accra, under the pretext of selling him a vehicle. Sarfo is expected to assist police in arresting his alleged accomplices |
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NGX confirms listing of 3.16billion UBA shares The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated January 12, 2026, and signed by Head, Issuer Regulation Department at NGX, Godstime Iwenkehai, who explained that the additional shares were listed foll |
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Ghana economy continues stronger performance – GSS Ghana’s economy continues to show strong performance with economic activities growing by 3.8 per cent year-on-year in October 2025, propelled largely by the services sector, says the Ghana Statistical Service (GSS). This is compared with the three per cent growth recorded in October 2024, says the Monthly Indicator of Economic Growth (MIEG) released by GSS on January 14. The MIEG gives an early signal of how the economy is likely to perform ahead of the calculation of Gross Domestic Product |
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Accra traffic to blame for public transport crisis – GPRTU The Ghana Private Road Transport Union (GPRTU) has attributed the public transport crisis in Accra largely to heavy traffic congestion in the capital during peak morning and evening hours. The Union said persistent gridlock was preventing commercial drivers from completing multiple journeys and returning to transport terminals on time, contributing to long queues and delays experienced by commuters at the major terminals. In an interview with the Ghana News Agency, Nana Nimako Asiamah, |
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Nigeria’s oil output drops 8.3% to 1.544m bpd By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million bpd recorded in the corresponding period of 2024. The commission did not provide reasons in its report released Thursday, but there were indications that it might be fueled mainly by limited investment and production. |