Ghana has the potential to triple its per cap­ita income from $2,200 to $6,600 by 2050 if it pur­sues bold and sustained reforms, the World Bank has projected.

According to the Bank’s latest report, “2025 Policy Notes”, launched in Accra yesterday under the theme: “Transforming Gha­na in a Generation”, Ghana’s transformation will depend on a comprehensive mix of policy and institutional reforms to boost pro­ductivity, improve infrastructure, and strengthen human capital.

The report pointed to Gha­na’s past achievements, including rapid poverty reduction and strong growth in the 2000s, as proof that progress is possible.

However, it cautioned that recurring fiscal stress, inefficiencies in the energy and cocoa sectors, and slow structural transformation continue to limit growth prospects.

It stressed that timely, well-ex­ecuted reforms, supported by national dialogue platforms, could put the country firmly on the path to shared prosperity.

The Policy Notes outlined four main pillars for Ghana’s accelerated development: restoring macroeco­nomic stability, raising productiv­ity, sustainably managing natural resources, and strengthening public institutions.

World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr Robert Taliercio, said Ghana could sustain growth above 6.5 per cent annually if it addressed key weaknesses in its fiscal and governance framework.

“Countries that have successfully avoided the middle-income trap have maintained macroeconomic stability, low inflation, and sustain­able public finances—steps Ghana can emulate,” he stated.

He noted that urgent action was needed in the energy sector, where government spent $1.4 billion in 2024 to cover shortfalls.

Without reforms, the cost could rise to $2 billion by 2026. “These are resources that could instead go into health, education or road infrastructure,” he cautioned.