Ghana's economy expanded by 5.5% year-on-year in the third quarter of 2025, driven by an improvement in the agriculture and services sectors, the statistics agency said on Wednesday.

However, growth slowed from a revised 7.0% in the same period last year, dragged down mostly by the industrial sector that expanded by only 0.8%, government statistician Alhassan Iddrisu told reporters.

Fishing and crop production lifted the growth in the agricultural sector to 8.6%, Iddrisu said, adding that the services sector, encompassing finance, insurance, trade, and education grew by 7.6%.

"Agriculture's contribution to growth was outsized, showing a sector that is recovering quickly and adding real weight to the national output," Iddrisu said.

Non-oil real GDP grew by 6.8% compared to 7.8% a year ago.

The country, which produces gold, oil and cocoa, is emerging from its most severe economic crisis in decades. Its annual inflation rate dropped for the 11th consecutive month to 6.3% in November, its lowest level since a rebasing exercise in 2021.

In response to the falling inflation, Ghana's central bank cut its main interest rate by a cumulative 1,000 basis points this year, citing an improved economic outlook and expectations for inflation to fall further.