Ghana’s per capita income to triple by 2050 with bold reforms

Ghana’s per capita income could triple by 2050 if the government implements ambitious reforms to boost productivity, improve infrastructure services, and strengthen human capital, according to the World Bank’s latest 2025 Policy Notes: Transforming Ghana in a Generation.

The report argues that with consistent annual growth above 6.5 percent, the country can overcome demographic pressures and declining natural resource revenues while positioning itself among the top performers in the lower-middle-income group.

By contrast, a moderate reform path is expected to yield around 5.5 percent growth.

The World Bank notes that the reforms must focus on raising productivity in non-resource sectors, scaling up investments, and improving education and skills to enable a dynamic workforce.

Enhanced female participation in the labor force, better governance, and institutional reforms were also identified as critical drivers.

Without such bold measures, the Bank warns Ghana risks stagnating with growth stabilizing at 3.8 percent in 15 years, delaying upper-middle-income status until after 2050.