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 to Parliament on Thursday, July 23, Dr. Forson said the milestone was driven by strong economic growth recorded since 2025.
He said Ghana’s real Gross Domestic Product (GDP) expanded by 6.0 per cent in 2025, representing the fastest economic growth recorded since 2019.
According to the Finance Minister, non-oil GDP growth also reached 7.6 per cent, the highest level in 14 years. He said the figure demonstrated that Ghana’s economic 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.
He said the positive economic momentum had continued into 2026, with real GDP growth reaching 6.4 per cent in the first half of the year, exceeding the government’s expectations.
“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 announced 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.
The Finance Minister said the development reflected the expansion of Ghana’s economy and the progress made under the government’s ongoing economic recovery programme.
Story by Freedom Etsey Lavoe
