With significant adjustments, Ghana’s per capita GDP might triple by 2050 – World Bank

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana’s per capita income could triple by 2050 if ambitious reforms are undertaken, the World Bank has revealed in its 2025 Policy Notes on Ghana.

According to the Bretton Woods institution, with comprehensive reforms that enhance productivity, improve the quality of infrastructure services, and elevate human capital and workforce skills, sustained growth could reach 6.5%.

Ghana’s per capita income currently hovers around US$2,353, whilst growth averages 4.0% since the Covid-19 pandemic.

But the World Bank wants Ghana to transform its economic growth model from one based on factor accumulation and natural resource depletion to one driven by productivity and human capital.

Source: newsthemegh.com