Ghana’s economy has crossed the US$100 billion mark for the first time, with real Gross Domestic Product expanding by 6.0 per cent in 2025 — the fastest annual growth recorded since 2019.
Finance Minister Dr. Cassiel Ato Forson disclosed the milestone on Thursday while presenting the 2026 Mid-Year Budget Review in Parliament, describing it as proof that “disciplined policies and competent economic management” are delivering results.
“Mr. Speaker, the results of the last eight months demonstrate that disciplined policies, competent economic management and consistent implementation deliver tangible results,” he said.
Non-Oil Sector Leads Recovery:
According to Dr. Forson, the recovery has been driven largely by strong performance outside the oil sector.
Non-oil GDP grew by 7.6 per cent in 2025, the highest rate in 14 years.
“Instructively, Mr. Speaker, non-oil GDP grew by 7.6 percent in 2025. The highest rate in 14 years.
Demonstrating that Ghana’s recovery extends well beyond favorable commodity prices,” the Minister stated.
Momentum Continues in 2026:
The positive trend has carried into this year. Real GDP growth hit 6.4 per cent in the first half of 2026, surpassing earlier projections.
Per Capita Income Jumps:
The Minister also announced a sharp rise in living standards, with per capita income increasing by more than US$850 in one year.
“Ghana’s per capita income increased by more than eight hundred and fifty dollars in just one year. Mr. Speaker, rising from two thousand five hundred and twenty-seven dollars in 2024 to three thousand three hundred and eighty-five dollars at the end of 2025,” he told Parliament.
Ghana Now 8th Largest Economy in Africa:
With the new figures, the Finance Ministry says Ghana is now ranked as the eighth-largest economy on the continent based on the size of its economy.
