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, describing the milestone as evidence of the country’s strong economic recovery.
Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 23, Dr. Forson said the achievement was driven by sustained economic growth since 2025 and reflected the impact of the government’s economic reform programme.
According to him, Ghana’s real Gross Domestic Product (GDP) grew by 6.0 per cent in 2025, the fastest rate recorded since 2019.
He added that non-oil GDP expanded by 7.6 per cent, the highest growth recorded in 14 years, demonstrating that the country’s recovery extends beyond the oil sector.
“This demonstrates that Ghana’s recovery extends well beyond favourable commodity prices,” Dr. Forson told Parliament.
The Finance Minister noted that the positive economic momentum has continued into 2026, with real GDP growth reaching 6.4 per cent in the first half of the year, surpassing government projections.
“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 further disclosed that Ghana is now ranked as the eighth-largest economy in Africa.
He also revealed that Ghana’s per capita income increased by more than $850 within a year, rising from $2,527 in 2024 to $3,385 by the end of 2025.
“These are not mere statistics. They represent higher incomes, stronger businesses, greater opportunities and an economy with an enhanced capacity to invest in its people,” he stated.
The Finance Minister said the figures underscore the progress made through the economic reforms introduced by the Mahama administration since assuming office in January 2025, arguing that the measures have strengthened macroeconomic stability and placed the country on a path of sustained growth.
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