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Ghana has climbed to become the eighth-largest economy in Africa after recording a Gross Domestic Product (GDP) of $114.71 billion in 2026, representing a 3.2% increase from the previous year.
The growth was largely supported by strong performance in the mining sector, particularly due to rising gold prices, as well as expansion in the information, communication and technology (ICT) and financial services sectors.
In 2025, Ghana’s economy was valued at approximately $108.1 billion, placing the country in the 10th position on the continent with a projected growth rate of 4.8%.
Economic data over recent years indicate that Ghana has maintained a steady growth trajectory despite ongoing challenges related to public debt and external economic pressures.
The country’s economic structure remains relatively diversified compared to many of its West African counterparts. While gold and cocoa continue to be major export earners, the oil and gas industry has increasingly contributed to national output and government revenue, helping to cushion the economy against commodity price volatility.
South Africa retained its status as Africa’s largest economy with a GDP of $479.96 billion, reflecting an 11% increase from the previous year. The country’s strong performance continues to be supported by its advanced financial sector, deep capital markets, and diversified industries including mining and manufacturing.
Egypt ranked second with a GDP of $429.65 billion in 2026, representing a 17.84% increase driven by large-scale infrastructure investments and growth in tourism, construction, and energy.
Nigeria occupied the third position after its economy expanded by 30% to $377.7 billion, largely reflecting the effects of currency adjustments and broader economic recovery.
Source: joynews
