Ghana’s per capita income has the potential to triple by 2050 if the country implements ambitious reforms, the World Bank revealed in its 2025 Policy Notes on Ghana.
The institution highlighted that comprehensive measures to boost productivity, enhance infrastructure quality, and strengthen human capital and workforce skills could support sustained economic growth of up to 6.5%. Currently, Ghana’s per capita income stands at approximately US$2,353, with average growth around 4.0% since the COVID-19 pandemic.
The World Bank urged Ghana to shift from a growth model reliant on factor accumulation and natural resource exploitation to one driven by productivity and human capital development.
Regarding macroeconomic stability, the Bank recommended improving domestic revenue mobilisation, better managing expenditures, and addressing the liabilities of State-Owned Enterprises to foster a virtuous cycle of growth and stability. To ensure fiscal consolidation, it also suggested implementing fiscal rules, adhering to International Monetary Fund targets, avoiding large foreign exchange interventions, and postponing a return to the Eurobond market.
On employment and youth productivity, the report emphasized the importance of robust, broad-based economic growth. Key strategies include improving the business climate, expanding access to finance, facilitating trade, and upgrading logistics such as roads and ports—measures critical for job creation, productivity, and long-term fiscal resilience.
Source: Joy Business
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