Ghana now 8th biggest economy in Africa

Ghana’s economy is now the 8th biggest in Africa with a Gross Domestic Product (GDP) of $114.71 billion, a 3.2% increase over that of 2025.

This was triggered by the mining sector, driven by high gold prices; the Information, Communication and Technology and financial services sectors.

In 2025, Ghana’s GDP was estimated at $108.1 billion, reflecting a projected GDP growth rate of 4.8%. It stood at the 10^th position.

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Using multilateral economic data over a period, the growth trajectory demonstrates steady performance despite challenges in public debt management and external vulnerabilities.

The country’s position highlights its resilience in combining natural resource wealth with expanding services and industrial sectors, maintaining one of the continent’s most stable macroeconomic frameworks.

Ghana’s economic composition is diversified relative to its West African peers. While gold and cocoa exports remain significant, the oil and gas sector has increasingly contributed to both GDP and fiscal revenue, stabilising earnings amid commodity price fluctuations.

South Africa retained its position as the biggest economy in Africa with a GDP of $479.96 billion.

Its economy expanded by 11% from last year’s GDP of $427.1 billion. Its dominance is triggered by a highly developed financial sector, deep capital markets and advanced industries ranging from mining to manufacturing.

In 2^nd and 3^rd positions are Egypt and Nigeria.

The size of Egypt’s economy stood at $429.65 billion in 2026, a 17.84% increase from $314.6 billion.

Accordingly, growth has been driven by large-scale infrastructure projects and a diversified economy include tourism, construction and energy.

Nigeria’s GDP rose by 30% to $377.7 billion in 2026.

The rebound in West Africa’s biggest economy reflects currency adjustment.

Source: Myjoyonline.com