Government Statistician Dr Alhassan Iddrisu has cautioned households and businesses to exercise prudence in their spending habits and prioritise savings, despite the recent decline in food prices.
He urged businesses to invest in strategic sectors such as ICT, trade, transport, and manufacturing, which have significantly contributed to Ghana’s GDP growth in the third quarter of 2025.
Dr Iddrisu emphasised that targeted investments in these sectors, complemented by robust government support for industry, will be pivotal in sustaining the country’s growth trajectory.
“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 most of the 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 stabilise industry while scaling up support for top performers,” he said.
He stated that the oil and gas sector will see some appreciable growth due to the measures adopted by the government for the actors in the 2026 budget statement.
He said Ghana’s economy grew 5.5% in Q3 2025, down from 7.0% in the same quarter of 2024.
“It is important to address the sharp oil and gas decline and reinforce high growth areas like the ICT and the trade, transport and agriculture sectors to keep the economy’s momentum strong. So what this means is that the implementation of the programmes 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.
By: Rainbowradioonline.com/Ghana
