Size of Ghana’s economy to hit $128bn, maintaining 8th largest economy in Africa
This means the size of the Ghanaian economy will take a quantum leap from the earlier $114.71 billion.
The International Monetary Fund projects Ghana's economy to maintain its 8th position among African nations in 2026, with a Gross Domestic Product (GDP) of $128.64 billion, according to their October 2026 World Economic Outlook. This marks a significant increase from the estimated $114.71 billion in 2025, representing a 5.7% growth rate for the year.
In 2025, Ghana's GDP was $108.1 billion, securing the 10th position in Africa. Ethiopia is expected to overtake the Democratic Republic of Congo to occupy the 9th spot with a GDP of $122.28 billion. The seven largest economies in Africa - South Africa, Egypt, Nigeria, Algeria, Morocco, Angola, and Kenya - are projected to retain their positions.
South Africa is expected to lead with a GDP of $490 billion, followed by Egypt at $435.34 billion and Nigeria with $390.37 billion. The growth trajectory of Ghana's economy demonstrates resilience, particularly in balancing natural resource wealth with expanding services and industrial sectors. This stability is further supported by a diversified economic composition, where gold and cocoa exports remain crucial, while the oil and gas sector contributes significantly to GDP and fiscal revenue, mitigating the impact of commodity price fluctuations.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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