Save more, invest in key sectors – GSS to households, businesses

The Ghana Statistical Service (GSS) is asking households and business to remain cautious in their spending and channel more income into savings, even as food price continues to ease and offers some relief to consumers.

The Service is also encouraging businesses to take advantage of emerging opportunities in key growth-driving sectors including ICT, trade, transport and manufacturing – areas that contributed significantly to Ghana’s 2025 quarter three GDP performance.

Government Statistician, Dr. Alhassan Iddrisu, says targeted investments in these sectors, coupled with stronger government support for industry, will be crucial in sustaining the country’s growth momentum.

“For households, it would be good to take advantage of improving food conditions to rebuild savings, with crops and fishing surging and with food price pressures easing. This is a moment that households should actually be spending wisely and be saving more. For businesses, our recommendation is to invest where growth is strongest.

“It would be good to shift capital and effort towards ICT, trade, transport, crops and manufacturing, where we are seeing the most of growth coming from. If you put these sectors together, they are driving over 80% of quarter 3 growth. For government, it will be important to stabilize industry while scaling up support for top performers,” he said.

Dr. Alhassan Iddrisu further stressed that the successful implementation of the programmes and activities outlined in the 2026 Budget to support industrial growth particularly within the oil and gas sector will be critical.

“It is important to address the sharp oil and gas decline and reinforce high growth areas like the ICT, the trade, transport and agriculture sectors to keep the economy’s momentum strong. So what this means is that the implementation of the programs and activities earmarked to support industrial growth, particularly in the oil and gas sector in the 2026 budget, is very key and they should be implemented religiously to boost up industrial growth,” he added.

Ghana’s economy grew by 5.5% in the third quarter of 2025, according to newly released data from the Ghana Statistical Service.

The latest figures show continued momentum in economic activity but indicate a slowdown compared with the 7.0% growth recorded in the same quarter of 2024.