Ghana's Economy Accelerates: Fuel Consumption & Vehicle Registrations Increase in 2025

New data reveals a Ghanaian economy in high gear, with a massive surge in fuel consumption and vehicle registrations signaling robust economic activity. Meanwhile, the Cedi continues to show remarkable strength against major currencies, and a key national identity initiative expands to children. Here’s your breakdown of the numbers driving Ghana’s growth.

The Ghana Cedi is maintaining its strong performance, showing significant year-on-year gains against major trading currencies, according to the latest interbank mid-rates.

• USD/GHS: ¢12.55 (Down ~20.57% from ¢15.80 a year ago)

• EUR/GHS: ¢14.74 (Down ~15.48% from ¢17.44 a year ago)

• GBP/GHS: ¢16.92 (Down ~18.46% from ¢20.75 a year ago)

On the Ghana Stock Exchange, investor sentiment was positive, led by top gainers:

• EGH (+20.00%)

• CAL (+9.52%)

• GCB (+6.91%)

Petroleum Consumption Jumps 17.6% to 3.6 Billion Litres in H1 2025

Ghana's thirst for fuel has intensified, with total petroleum consumption for the first half of 2025 hitting 3.6 billion litres, a sharp 17.65% increase from the 3.07 billion litres consumed in the same period last year.

A detailed Petroleum Analysis Report reveals a dramatic shift in consumption patterns. While petrol and diesel saw the highest volume increases, the most staggering growth was in Fuel Oil for power plants, which skyrocketed by 4,572.70%, indicating a surge in industrial power demand.

Regional Shifts in Demand:The data uncovers a significant geographical shift. The Upper East Region led the nation with an 80.23% surge in consumption, followed by Ashanti (22.20%) and Upper West (21.7%). This suggests economic growth momentum is spreading strongly into the northern and middle belt regions, even as Greater Accra remains the largest consumer by volume.

Vehicle Registrations Surge 29.4%, Signaling Economic Confidence

The transport sector is booming, reflecting improved economic sentiment. Fresh data from the Driver and Vehicle Licensing Authority (DVLA) shows that new vehicle registrations in the first five months of 2025 hit 108,542 units, a 29.4% year-on-year increase.

This growth, highlighted in the Bank of Ghana's Monetary Policy Report, points to rising confidence among households and businesses to make major purchases. The surge is likely driven by:

• Easier access to auto financing.

• Fleet expansion by logistics and ride-hailing companies.

• Stronger demand for commercial transport services.

Economic Implications:While positive for commerce and mobility, this growth presents challenges, including increased pressure on fuel supplies, urban congestion, and road infrastructure. It also translates to higher potential government revenue from taxes and fees, underscoring the transport sector's role as a critical engine of economic recovery.

NIA Begins Issuing Ghana Cards to Children Aged 6-14

In a key step for national documentation, the National Identification Authority (NIA) has begun issuing Ghana Cards to children aged 6 to 14. The exercise started on October 6, 2025, across 56 districts, with cards being distributed at the schools where the children were initially registered.

To collect the card, a child must be physically present and accompanied by a parent or guardian, who must present the original registration receipt (Form A). The NIA has assured the public that all backlogs of unprinted cards have been cleared, marking a significant milestone in the country's identity management system.

The converging data paints a clear picture: Ghana's economic activity is accelerating. The massive growth in fuel consumption, coupled with a boom in vehicle registrations, points to heightened commercial and industrial movement. This renewed momentum, supported by a stable currency, creates a favorable environment for business and investment, even as it calls for strategic management of the resulting demands on infrastructure and resources.

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