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 in Africa by 2026, with a projected Gross Domestic Product (GDP) of $128.64 billion, according to their October 2026 World Economic Outlook. This represents a substantial increase from the estimated $114.71 billion in 2025, reflecting a growth rate of 5.7% for the year.
In 2025, Ghana's GDP was $108.1 billion, placing it at the 10th position in Africa. Ethiopia is projected to push DR Congo to the 9th position with a GDP of $122.28 billion. The seven largest African economies will remain unchanged in 2026, with South Africa, Egypt, and Nigeria leading the ranks at 1st, 2nd, and 3rd, respectively.
Other top positions include Algeria, Morocco, Angola, and Kenya in the 4th, 5th, 6th, and 7th places. Despite challenges in public debt management and external vulnerabilities, Ghana's economic growth trajectory demonstrates resilience, combining natural resource wealth with expanding services and industrial sectors. The country's economic composition is diverse compared to its West African peers, with gold and cocoa exports continuing to be significant, while the oil and gas sector increasingly contributes to both GDP and fiscal revenue, helping stabilize earnings amidst commodity price fluctuations.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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