Ghana’s GDP Value, Per Capita Income to Hit $100bn and $3,000 for First Time by end 2025
Ghana is on course to post a significant expansion in the size of its economy this year, with gross domestic product (GDP) in monetary terms projected to approach the US$100 billion mark for the first time in the country’s history. The outlook, according to the Director of the Real Sector Policy Division at the Ministry of Finance, Samuel Akhurst, is being supported by improving macroeconomic indicators and a stronger growth trajectory following the recent rebasing of the economy.
Currently, Ghana’s GDP in monetary terms stands at about US$49 billion post-rebasing. Addressing participants at the Deloitte Economic Dialogue in Accra, Mr Akhurst noted that the latest trends point to a sharp upward movement by the end of 2025, alongside a potential rise in per capita income to around US$3,000 – a development that could shift Ghana further up within the lower middle-income category.
“Having growth as a key important dynamic is extremely important now,” he stated, adding that Ghana is in “a pole position to hit US$100 billion for the first time in our history” based on current performance indicators. He emphasised that such progress would mark a historic economic milestone for the country, representing a doubling of the GDP size compared to a decade ago.
Mr Akhurst explained that the sustained recovery, supported by growth-enhancing reforms, improved stability, and a more resilient macroeconomic environment, has been critical in repositioning the economy after a challenging period.
Offering Deloitte’s perspective on the 2026 Budget, Country Managing Partner Daniel Owusu commended the progress made so far, noting that the economy has demonstrated renewed optimism and resilience following the domestic debt exchange programme. He said these developments are likely to boost investor confidence and stimulate greater private sector investment from next year.
According to him, the emerging signs of stability coupled with ongoing fiscal and structural reforms provide a stronger platform for businesses to expand operations and contribute to sustained economic growth.
