Ghana’s per capita income has the potential to triple by the year 2050, provided that the government enacts ambitious reforms aimed at enhancing productivity, upgrading infrastructure services, and fortifying human capital, as stated in the World Bank’s most recent 2025 Policy Notes: Transforming Ghana in a Generation.
The report contends that if the country maintains a consistent annual growth rate exceeding 6.5 percent, it can effectively address demographic challenges and diminishing natural resource revenues, while also establishing itself among the leading nations in the lower-middle-income category.
In contrast, a more moderate approach to reform is anticipated to result in approximately 5.5 percent growth.
The World Bank emphasizes that the reforms should prioritize increasing productivity in non-resource sectors, amplifying investments, and enhancing education and skills to cultivate a dynamic workforce.
Furthermore, improved female participation in the labor market, better governance, and institutional reforms have been recognized as essential factors for driving growth.
The Bank cautions that without such decisive actions, Ghana may face stagnation, with growth potentially leveling off at 3.8 percent over the next 15 years, thereby postponing its attainment of upper-middle-income status until after 2050.
