ELS: MBN360 ECONOMY
Ghana’s economy has crossed the $100 billion mark for the first time in the country’s history, Finance Minister Dr Cassiel Ato Forson has announced.
Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 23, Dr Forson said the milestone was driven by strong economic growth recorded since 2025.
According to him, real Gross Domestic Product (GDP) expanded by 6.0% in 2025, representing the fastest economic growth recorded since 2019.
He added that non-oil GDP growth reached 7.6%, the highest rate in 14 years, indicating that the recovery was not solely dependent on developments in the oil sector.
“This demonstrates that Ghana’s recovery extends well beyond favourable commodity prices,” Dr Forson told Parliament.
The Finance Minister said economic momentum has continued into 2026, with real GDP growth reaching 6.4% in the first half of the year, exceeding government’s expectations.
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“For the first time in our nation’s history, the size of Ghana’s economy exceeded 100 billion dollars, firmly establishing Ghana as a major emerging market economy,” he said.
Dr Forson also stated that Ghana is now recognised as the eighth-largest economy in Africa.
He further disclosed that per capita income increased by more than $850 within a year, rising from $2,527 in 2024 to $3,385 at the end of 2025.
“These are not mere statistics,” he said.
“They represent higher incomes, stronger businesses, greater opportunities, and an economy with an enhanced capacity to invest in its people,” he added.
The figures form part of the government’s broader argument that economic reforms implemented since President John Dramani Mahama assumed office in January 2025 have contributed to improved macroeconomic performance.
