The value of Ghana’s economy has exceeded 100 billion dollars for the first time in its history after recording its fastest economic expansion in six years, according to Finance Mi
The report indicates that the value of Ghana’s economy has exceeded 100 billion dollars for the first time in its history after recording its fastest economic expansion in six years, according to Finance Minister, Dr. Cassiel Ato Forson.
It further notes that presenting the 2026 Mid-Year Budget Review in Parliament, Dr. Forson stated the economy grew by 6.0 percent in 2025, the strongest pace of expansion since 2019, while non-oil economic activity also posted its highest growth in more than a decade.
“Ghana’s economy grew by 6.0 percent in 2025, the fastest pace of economic expansion since 2019,” the Finance Minister told Parliament.
He noted that the country’s recovery has not been driven solely by favourable commodity prices, pointing out that non-oil GDP expanded by 7.6 percent in 2025, the highest growth rate recorded in 14 years.
“Non-oil GDP grew by 7.6 percent in 2025, the highest rate in 14 years, demonstrating that Ghana’s recovery extends well beyond favourable commodity prices,” Dr. Forson stated.
The Finance Minister stated the momentum has continued into 2026, with the economy outperforming expectations during the first half of the year.
“The momentum has continued into 2026. Real GDP growth grew 6.4 percent in the first half, exceeding expectations.”
Dr. Forson also announced that Ghana’s economy has now exceeded 100 billion dollars in size, describing the milestone as a defining moment in the country’s economic history.
“For the first time in our nation’s history, the size of Ghana’s economy exceeded 100 billion dollars, firmly establishing Ghana as a middle emerging market economy.”
He further stated that Ghana’s per capita income rose sharply from 2,527 dollars in 2024 to 3,385 dollars at the end of 2025, the highest level ever recorded.
According to him, the increase reflects improvements in national income and economic output.
“Ghana’s per capita income increased by more than 850 dollars in just one year, rising from 2,527 dollars in 2024 to 3,385 dollars at the end of 2025. This is the highest per capita income ever recorded in our country’s history.”
The Finance Minister added that Ghana is now recognised as the eighth-largest economy in Africa, attributing the achievement to sustained macroeconomic reforms and stronger economic performance.
He emphasised that the figures should not be viewed as merely statistical gains but as evidence of improving living standards and expanding economic opportunities.
