Economy · Accra, Ghana · October 19, 2026

Ghana set to overtake Ethiopia as Africa's eighth-largest economy

Reported by 1 outlet · first reported Oct 19, 7:29 AM ET

IMF projections show Ghana's GDP reaching about $128.6bn in 2026, edging past Ethiopia, while Kenya takes the East African lead. Separately, President Mahama said Ghana's BRICS outreach aims to broaden development partnerships.

Why it matters

Shifting rankings reflect Ghana's recovery and Ethiopia's currency changes.

Background

Ghana defaulted on much of its debt in 2022 and has since been under an IMF programme. BRICS is a grouping led by Brazil, Russia, India, China and South Africa.

Sources

• AllAfrica ↗Oct 19, 7:52 AM ET
• AllAfrica ↗Oct 19, 7:29 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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