Accra, Feb. 25, – President John Dramani Mahama announced Ghana has surpassed Côte d'Ivoire to become West Africa’s second-largest economy, ranking seventh across Africa.
Speaking at the sod-cutting for a $250 million KEDA (Ghana) Ceramic float glass factory in Shama, Western Region, he said: “In 2022, Côte d'Ivoire overtook us. Today, our GDP exceeds $113 billion—ahead of our Ivorian brothers.”
Nigeria leads with ~$300B GDP. Ghana’s economy grew 5.5% in Q3 2025—its strongest since 2020—while inflation plunged from 23.5% (Jan 2025) to 3.8% (Jan 2026).
“A year ago, we faced a weak manufacturing base, dwindling FDI, and a sliding cedi,” Mahama recalled. “Our reset agenda has restored stability, investor confidence, and sovereign ratings from Fitch, Moody’s, and S&P.”
He also commissioned a modern sanitary ware factory and Phase 5 ceramic tile line. “This isn’t just expansion—it’s Ghana declaring we’ll manufacture, process, and export, not just import.”
The float glass plant (global market: $60B/year) hits 600 tons/day in Phase 1, scaling to 1,400 tons/day in Phase 2—one of Africa’s largest. “We’ll export from Shama to Africa, Europe, and beyond. Hope to commission Phase 1 by August 2027,” he said.
(Caption: President John Dramani Mahama)
GHBUSS
Feb. 25, 2026
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