Story by Moses Anaba
Ghana’s economy recorded its fastest growth in six years after achieving 6.0 percent real Gross Domestic Product (GDP) growth in 2025, Finance Minister Dr. Cassiel Ato Forson has announced.
Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Forson said the strong economic performance reflects the impact of disciplined fiscal policies, competent economic management, and consistent implementation of reforms introduced by the government.
According to the Finance Minister, the results achieved over the past 18 months demonstrate that prudent economic management is delivering tangible benefits for the country.
“Real GDP grew by 6.0 percent in 2025, the fastest pace of economic expansion since 2019,” Dr. Forson told Parliament.
He revealed that non-oil GDP grew by an impressive 7.6 percent in 2025, the highest growth rate recorded in 14 years, indicating that Ghana’s economic recovery is being driven by broad-based expansion rather than favourable commodity prices alone.
The positive momentum, he said, has continued into 2026, with real GDP growth reaching 6.4 percent in the first quarter, exceeding government expectations.
Dr. Forson also announced that, for the first time in Ghana’s history, the country’s economy surpassed US$100 billion in size in 2025, firmly establishing Ghana as one of Africa’s major emerging economies.
He further disclosed that Ghana’s per capita income increased by more than US$850 within a year, rising from US$2,527 in 2024 to US$3,385 at the end of 2025, the highest level ever recorded in the country’s history.
According to the Finance Minister, Ghana is now recognised as the eighth largest economy in Africa, reflecting the country’s improving economic position on the continent.
Dr. Forson stressed that these achievements go beyond economic statistics.
“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 said.
The Finance Minister also highlighted improvements in the labour market, revealing that the unemployment rate declined from 13.7 percent during the first three quarters of 2024 to 12.8 percent over the same period in 2025.
He added that multidimensional poverty, which measures deprivation across areas such as living conditions, education, health, and employment, also recorded a decline, demonstrating improvements in the welfare of many Ghanaians.
Dr. Forson reaffirmed the government’s commitment to sustaining economic growth through prudent fiscal management, increased domestic revenue mobilization, strategic investments, and policies aimed at reducing inflation, stabilizing the Ghana cedi, supporting businesses, and creating more jobs.
The announcement was made during the presentation of the 2026 Mid-Year Budget Review, where the Finance Minister outlined Ghana’s economic performance for the first half of the year and presented the government’s fiscal outlook and policy priorities for the remainder of 2026.
Bolga FM/102.7MHz/Moses Anaba/Bolgatanga
