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Ghana GDP Growth Rate (QoQ)

Ghana's Quarter-over-Quarter GDP growth rate was 1.4% in Q2 2025, down from 1.6% in Q1 2025. This moderation occurred alongside a strong Year-over-Year GDP growth of 6.3% in Q2 2025. The services sector expanded by 9.9%, driving overall growth. Non-oil GDP grew by 7.8%. Fiscal discipline and sectoral reforms contributed to the quarterly trend. The central bank's rate cut to 25% in July 2025 is expected to stimulate economic activity. Ghana's record low gdp growth rate was -1.3% in Q2 2020 and record high was 2.7% in Q3 2016.

Quarterly Historical Data (2015-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 1.4%
Q1 2025 1.6%
Q4 2024 0.9%
Q3 2024 1.7%
Q2 2024 1.7%
Q1 2024 1.3%
Q4 2023 1.3%
Q3 2023 0.5%
Q2 2023 0.5%
Q1 2023 0.8%
Q4 2022 1%
Q3 2022 0.8%
Q2 2022 1.1%
Q1 2022 0.9%
Q4 2021 1.6%
Q3 2021 1.4%
Q2 2021 1%
Q1 2021 1%
Q4 2020 1.1%
Q3 2020 -0.8%
Q2 2020 -1.3%
Q1 2020 1.6%
Q4 2019 1.5%
Q3 2019 1.3%
Q2 2019 2.1%
Q1 2019 1.5%
Q4 2018 1.1%
Q3 2018 1.6%
Q2 2018 0.8%
Q1 2018 2.6%
Q4 2017 1.5%
Q3 2017 1.7%
Q2 2017 2.3%
Q1 2017 2.4%
Q4 2016 1.4%
Q3 2016 2.7%
Q2 2016 -0.6%
Q1 2016 -0.1%
Q4 2015 0%
Q3 2015 -1.2%
Q2 2015 0.8%
Ghana GDP Growth Rate (QoQ) : Definition
Ghana's Quarter-over-Quarter GDP growth rate shows the percentage change in the nation's total economic output between consecutive three-month periods. It is calculated by comparing the current quarter's Gross Domestic Product value, usually measured in Ghanaian Cedi, against the prior quarter's value. This metric highlights short-term economic momentum.