Is Ghana now the 6th largest economy on the continent?
According to the Central Bank of Ghana (BoG), the economy of the country is valued at $135.1 billion in 2025.
Ghana's economy being valued at $135.1 billion in dollar terms means that the country's total economic output, measured by its Gross Domestic Product (GDP), is estimated to be worth approximately $135.1 billion. This valuation reflects a significant increase from the previous year, driven primarily by :
- Strong commodity exports: A notable uptick in gold and cocoa exports, with gold exports jumping 40.8% month-over-month from $3.72 billion to $5.25 billion, and cocoa exports rising 22.5% from $1.50 billion to $1.84 billion.
- Strengthening currency: The appreciation of the Ghanaian cedi against major international currencies has contributed to the upward revision of the economy's valuation in US dollar terms, enhancing Ghana's purchasing power and improving investor sentiment.
In local currency terms, Ghana's economy has expanded to GH¢1.4 trillion as of end-March 2025, representing a GH¢224 billion ($21.6 billion) increase from the GH¢1.176 trillion ($112.9 billion) recorded at the end of 2024. This growth indicates a positive economic trend, with increased output and earnings from key commodities boosting fiscal revenue and improving the country's current account outlook.
According to the Central Bank of Ghana (BoG), the economy of the country is valued at $135.1 billion in 2025.
Ghana's economy being valued at $135.1 billion in dollar terms means that the country's total economic output, measured by its Gross Domestic Product (GDP), is estimated to be worth approximately $135.1 billion. This valuation reflects a significant increase from the previous year, driven primarily by :
- Strong commodity exports: A notable uptick in gold and cocoa exports, with gold exports jumping 40.8% month-over-month from $3.72 billion to $5.25 billion, and cocoa exports rising 22.5% from $1.50 billion to $1.84 billion.
- Strengthening currency: The appreciation of the Ghanaian cedi against major international currencies has contributed to the upward revision of the economy's valuation in US dollar terms, enhancing Ghana's purchasing power and improving investor sentiment.
In local currency terms, Ghana's economy has expanded to GH¢1.4 trillion as of end-March 2025, representing a GH¢224 billion ($21.6 billion) increase from the GH¢1.176 trillion ($112.9 billion) recorded at the end of 2024. This growth indicates a positive economic trend, with increased output and earnings from key commodities boosting fiscal revenue and improving the country's current account outlook.
😱 Is 🇬🇭 Ghana now the 6th largest economy on the continent?
According to the Central Bank of Ghana (BoG), the economy of the country is valued at $135.1 billion in 2025.
Ghana's economy being valued at $135.1 billion in dollar terms means that the country's total economic output, measured by its Gross Domestic Product (GDP), is estimated to be worth approximately $135.1 billion. This valuation reflects a significant increase from the previous year, driven primarily by :
- Strong commodity exports: A notable uptick in gold and cocoa exports, with gold exports jumping 40.8% month-over-month from $3.72 billion to $5.25 billion, and cocoa exports rising 22.5% from $1.50 billion to $1.84 billion.
- Strengthening currency: The appreciation of the Ghanaian cedi against major international currencies has contributed to the upward revision of the economy's valuation in US dollar terms, enhancing Ghana's purchasing power and improving investor sentiment.
In local currency terms, Ghana's economy has expanded to GH¢1.4 trillion as of end-March 2025, representing a GH¢224 billion ($21.6 billion) increase from the GH¢1.176 trillion ($112.9 billion) recorded at the end of 2024. This growth indicates a positive economic trend, with increased output and earnings from key commodities boosting fiscal revenue and improving the country's current account outlook.
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