President John Dramani Mahama says Ghana has regained its position as the second-largest economy in West Africa, overtaking Côte d’Ivoire, while also ranking as the seventh-largest economy in Africa.
Speaking at the sod-cutting ceremony for a $250 million float glass factory by KEDA (Ghana) Ceramic Company Limited in Shama, the President noted that Ghana’s GDP has now exceeded $100 billion, reaching an estimated $113 billion. He contrasted this with 2022, when Côte d’Ivoire briefly overtook Ghana, while Nigeria has consistently remained the region’s largest economy.
Mahama attributed the rebound to improved macroeconomic conditions, citing 5.5 per cent growth in the third quarter of 2025 — the strongest since 2020 — and a sharp drop in inflation from 23.5 per cent in January 2025 to 3.8 per cent in January 2026.
He said Ghana’s economic recovery followed fiscal consolidation efforts under the government’s “reset agenda,” which helped restore investor confidence, stabilise the cedi, and secure sovereign rating upgrades from international agencies.
“These are signals that Ghana is stable, predictable, and open for business,” he said.
The President also commissioned a modern sanitary ware factory and inaugurated Phase 5 of the ceramic tile production line during the event.
