IMF projects Ghana’s economy to hit $128.64bn in 2026, retain 8th position in Africa
Ghana’s economy is set to maintain its 8th position in Africa with its size increasing substantially, according to the International Monetary Fund. The Bretton Woods institutions project Ghana’s Gross Domestic Product at $128.64 billion for 2026, as reflected in their October 2026 World Economic Outlook. The Fund is also forecasting a 5.7% growth rate for […]
The International Monetary Fund (IMF) anticipates Ghana's economy to reach $128.64 billion by 2026, retaining its 8th position among African nations, according to their October 2026 World Economic Outlook. The Bretton Woods institution projects a 5.7% growth rate for Ghana in 2026, marking a substantial increase from the earlier estimate of $114.71 billion in 2025.
Ghana's GDP growth rate is projected to be 4.8% for 2025, placing the country at the 10th position in Africa. Ethiopia is expected to surpass the Democratic Republic of Congo, securing the 9th position with a GDP of $122.28 billion.
The top seven economies in Africa, including South Africa ($490 billion), Egypt ($435.34 billion), and Nigeria ($390.37 billion), will remain unchanged. Algeria, Morocco, Angola, and Kenya will occupy the 4th, 5th, 6th, and 7th positions, respectively. The IMF's analysis highlights Ghana's resilience in balancing natural resource wealth with expanding services and industrial sectors, maintaining a stable macroeconomic framework.
The nation's economic composition, while still reliant on gold and cocoa exports, benefits from a growing oil and gas sector, providing more consistent GDP and fiscal revenue amid commodity price fluctuations.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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