Ghana’s economic activity continued its upward trajectory in 2026, with the Bank of Ghana’s Composite Index of Economic Activity (CIEA) recording real annual growth of 14.9 percent in July, signalling sustained expansion across key sectors of the economy.
Data released by the central bank show that the growth rate increased from 12.4 percent in December 2025, 6.8 percent in August 2025 and 1.1 percent in December 2024, reflecting a steady strengthening of economic activity over the period.
The CIEA, a broad measure used by the Bank of Ghana to track the direction and intensity of economic activity, points to improving conditions in the domestic economy amid growing business and consumer confidence.
Speaking at the 132nd Monetary Policy Committee (MPC) press conference, the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, said economic activity continued to strengthen, underpinned by the sustained rise in the index.
“The domestic economy continued to demonstrate resilience,” the MPC noted, citing the strong performance of the CIEA alongside positive business and consumer sentiment indicators.
The latest reading marks a significant improvement from the modest 1.1 percent growth recorded at the end of 2024 and highlights the pace of economic recovery and expansion over the past 19 months.
Analysts view the upward movement in the index as an indication of increasing productivity, stronger demand conditions and improving confidence among economic agents, factors that could support growth prospects in the medium term.
The continued expansion in economic activity comes at a time when policymakers are seeking to consolidate macroeconomic stability while sustaining growth and strengthening investor confidence.
The latest CIEA figures are expected to reinforce optimism about the country’s economic outlook as authorities pursue measures aimed at maintaining the current growth momentum.
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