Ghana’s Economy Surpasses Has Records Fastest Growth Since 2019 – Finance Minister

By Maame Efua Kwaduah

Finance Minister Dr. Cassiel Ato Forson has announced that Ghana’s economy has exceeded the $100 billion mark for the first time in the country’s history after recording its fastest rate of economic growth since 2019.
Presenting the 2026 Mid-Year Budget Review in Parliament, Dr. Forson said the economy expanded by 6.0% in 2025, describing it as the strongest annual growth recorded in six years. He added that non-oil economic activity also posted its highest level of growth in more than a decade.
According to the Finance Minister, the country’s economic recovery has not been driven solely by favourable commodity prices. He explained that non-oil Gross Domestic Product (GDP) grew by 7.6% in 2025, the highest growth rate in 14 years, demonstrating that the recovery is broad-based and supported by strong performance across key sectors of the economy.
Dr. Forson said the positive momentum has continued into 2026, with Ghana’s economy outperforming expectations during the first half of the year. He disclosed that real GDP growth reached 6.4% over the period, reflecting the continued resilience of the economy.
The Finance Minister further announced that Ghana’s economy has now surpassed the $100 billion threshold, describing the milestone as a defining moment in the nation’s economic history and one that firmly establishes Ghana as a middle emerging market economy.
Dr. Forson also revealed that Ghana’s per capita income increased significantly from $2,527 in 2024 to $3,385 by the end of 2025. According to him, the increase of more than $850 within a single year represents the highest per capita income ever recorded in the country and reflects improvements in national income and economic output.
He further disclosed that Ghana is now recognised as the eighth-largest economy in Africa, attributing the achievement to sustained macroeconomic reforms, prudent fiscal management and stronger overall economic performance.
The Finance Minister stressed that the figures should not be regarded as mere statistics but as evidence of rising incomes, stronger businesses, expanding opportunities and an economy with greater capacity to invest in its people and support long-term development.
Dr. Forson maintained that the government’s economic programme is delivering tangible results, with growth, income levels and overall macroeconomic performance exceeding expectations during the first half of 2026.