Ghana’s per capita income increased by more than US$850 within a year to a record US$3,385 at the end of 2025, Finance Minister Dr Cassiel Ato Forson has announced.
Presenting the 2026 Mid-Year Fiscal Policy Review to Parliament on Thursday, July 23, Dr Forson said the significant rise in income per head reflected the strong performance of the economy following the implementation of key policy reforms.
According to the Finance Minister, Ghana’s economy grew by 6.0 per cent in 2025, representing the fastest rate of expansion since 2019. The growth momentum continued into 2026, with real Gross Domestic Product (GDP) expanding by 6.4 per cent in the first quarter of the year.
Non-oil GDP also recorded an impressive 7.6 per cent growth in 2025, its highest rate in 14 years, pointing to stronger economic activity beyond the oil sector.
The size of the Ghanaian economy has consequently crossed the US$100 billion mark, making it the eighth-largest economy in Africa, according to the Finance Minister.
Dr Forson said the improved economic indicators should ultimately translate into better opportunities and living conditions for Ghanaians.
“This is not just a statistic; it is a story of higher incomes, stronger businesses, and greater opportunities,” he told Parliament.
Other indicators presented by the Finance Minister showed an improvement in employment and poverty levels. The unemployment rate declined from 13.7 per cent to 12.8 per cent, while multidimensional poverty fell from 24.9 per cent to 21.9 per cent.
The decline in multidimensional poverty, according to the government, means approximately 950,000 Ghanaians moved out of poverty within a year.
Dr Forson attributed the economic gains to fiscal discipline, policy consistency and the implementation of the government’s economic recovery programme.
“The results of the past eighteen months demonstrate that disciplined policies deliver tangible results,” he said.
While acknowledging the sacrifices made by Ghanaians during the economic recovery process, the Finance Minister maintained that the country had established a stronger foundation for sustained growth and economic transformation.
