Ghana has revised its July 2025 economic growth figures downward after incorporating newly available data, acting Government Statistician Dr Alhassan Iddrisu said on Thursday.
He told reporters that the Monthly Indicator of Economic Growth (MIEG) for July 2025, initially reported at 4.5% in October, had been adjusted to 3.7%. “Our revision policies are very clear, you have provisional data, you update it as more information becomes available, and then you finalise it,” he said.
The most significant change came from the industry sector. Updated submissions from the Minerals Commission showed lower-than-expected gold production. “As a result, industry moved from a marginal 0.1% expansion to now a contraction of 3.1%,” Dr Iddrisu said.
Agriculture growth remained unchanged at 8%, while the services sector recorded a slight upward revision from 6.4% to 6.9%. He attributed the improvement to updated business turnover data from the Ghana Revenue Authority. “New GRA data pushed services growth upwards by 0.5 percentage points,” he noted.
The revisions, he said, reflect new information across mining and quarrying, manufacturing, trade, accommodation and food services, and transportation. “They show why revisions are essential. As better data becomes available, we update the figures to reflect reality as accurately as possible,” he added.
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