Trends in direct tax collection and contributions from private sector employees are used to measure the manufacturing subsector.

Manufacturing activities improved in September 2025, as evidenced by trends in direct tax collection and private sector workers’ contributions to the Social Security and National Insurance Trust (SSNIT) Pension Scheme (Tier-1).

The Bank of Ghana’s November 2025 Monetary Policy Report shows that total direct taxes received in September 2025 increased by 18.4% year on year to GH¢9.869 billion.

In comparison, GH¢8.335 billion was recorded over a comparable period in 2024. The total amount of direct taxes collected for the first three quarters of 2025 increased by 25.5% to GH¢62.879 billion from GH¢50.107 billion during the same time in 2024.

Source: newsthemegh.com