President John Dramani Mahama says Ghana has moved from the 11th to the 8th-largest economy in Africa in a little over a year — with GDP growing from about $80 billion to $114 billion and foreign reserves rising to $13.9 billion, enough to cover 5.7 months of imports.
The Numbers
- Ranking: 11th → 8th-largest economy in Africa
- GDP: ~$80bn → ~$114bn
- Foreign reserves: $13.9bn (5.7 months of import cover)
- Cited during the Resetting Ghana / Savannah Region tour
Why It Matters
- Signals a strong macro recovery after the 2022–23 crisis
- Reserve build-up (partly gold-backed) underpins cedi stability
- Boosts investor confidence ahead of the final IMF review
- Political capital for Mahama’s economic-reset narrative
What To Watch
- Independent confirmation of the GDP and ranking figures
- Whether reserves and the cedi hold through 2026
- Translation of headline growth into jobs and lower prices
Follow Vibes Uncut Media for continuing Ghana macro coverage.
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