The minister made the disclosure while addressing the diaspora community, providing a comprehensive overview of the economic progress achieved under the Mahama administration and offering reassurances that the gains secured during and after Ghana’s International Monetary Fund programme are being consolidated rather than eroded.
Forson further assured Ghanaians abroad that the country’s debt is now sustainable, a milestone that represents one of the most significant reversals from the acute debt distress that precipitated Ghana’s engagement with the IMF in 2022, when the country’s debt had become effectively unserviceable and access to international capital markets was sharply restricted.
The $3,385 GDP per capita figure, described as a first for the country, reflects both economic growth and the strengthening of the cedi relative to its trajectory at the height of the economic crisis.
It also positions Ghana more favourably in regional economic comparisons, where middle-income status and sustained per capita growth are increasingly used as indicators of development progress by international financial institutions and investors.
Ghana’s ranking as the eighth largest economy in Africa places it within a significant continental peer group that includes some of the continent’s most established economic players, a positioning that Forson appears to be leveraging in communications with the diaspora as evidence that the country has navigated its fiscal crisis and emerged with its economic fundamentals intact.
The announcement was made in the context of an ongoing effort by the government to maintain confidence among Ghanaians abroad, whose remittances remain one of the country’s most critical foreign exchange inflows.
The diaspora community’s financial contribution to Ghana’s economy is exceeded globally only by a handful of African nations, making their continued trust in the country’s economic management a matter of genuine national financial importance.
Economic policy analyst Senyohosi recently credited both Mahama and Forson for the stricter fiscal discipline demonstrated during the IMF programme period, a rare and meaningful independent endorsement of the approach the Finance Minister is now presenting to the diaspora as the foundation for sustained economic progress.