Ghana’s economy has crossed the $100 billion mark, according to the country’s finance minister, Cassiel Ato Forson, who says output could expand to $140 billion by 2026 if current trends are sustained.
In a video posted on X, the minister said the milestone reflects what he described as a broad-based macroeconomic recovery, adding that all major sectors have recorded improvements in recent months.
He noted that the government inherited an economy valued at less than $80 billion, but said it has now surpassed the $100 billion threshold. Based on official projections, Ghana’s nominal gross domestic product (GDP) is expected to rise further to $140 billion by the end of 2026, a level that could make it the seventh-largest economy in Africa.
“The size of Ghana’s economy is projected to reach 140 billion United States dollars by end 2025 making it the seventh largest economy in Africa in 2025 the private sector can leverage on this expansion to support the economic transformation agenda of President Mahama. President mahamas administration remains committed to sustaining these gains to create jobs and to set the economy on a part of strong growth and economic transformations,” he said.
Private sector urged to reflect gains in prices
The minister argued that the private sector stands to benefit most from what he called the country’s economic reset. He urged businesses to adjust their pricing in line with improving macroeconomic conditions, suggesting that falling pressures should translate into lower costs for consumers.
He added that the administration of President John Mahama remains committed to consolidating the gains, with a focus on job creation and long-term economic transformation.
A more diversified growth base
Ghana’s economic structure is relatively diversified compared with many of its West African peers. Gold and cocoa remain central to export earnings, but oil and gas have become increasingly important contributors to GDP and government revenue in recent years.
The energy sector has helped cushion the economy against swings in global commodity prices.
Public investment in infrastructure, including road networks, port expansion and energy projects, has also improved logistics and eased some operating costs for businesses, supporting private sector activity.
Source: Business Insider Africa
