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Ghana Ranked 8th Richest In Africa

Ghana has been ranked the eighth-richest country on the African continent.

The ranking, published on the website of worldpopulationreview.com, indicates that Ghana’s economy, as at the end of 2021, was valued at US$74.26 billion, putting it ahead of Côte d’Ivoire and Angola whose economies were valued at US$70.99 billion and US$66.49 billion respectively.

Ivory Coast and Angola were ranked the 9th and 10th richest countries on the continent behind Ghana.

With an economy valued at US$514 billion, Nigeria was ranked the richest country on the African continent.

Meanwhile, with Ghana’s GDP valued at US$72 billion and a total population of over 31 million, Ghana’s current per capita income stands at US$2,322.

Some economists and development experts argue that GDP per capita is more important than GDP itself because it reflects how much of a country’s overall wealth actually trickles down to everyone.

Following Nigeria in the second and third places were Egypt and South Africa with a total GDP of US$394 billion and US$329 billion respectively.

The 10 richest countries in Africa are Nigeria (US$514.05 billion); Egypt (US$394.28 billion); South Africa (US$329.53 billion); Algeria (US$151.46 billion); Morocco (US$124.00 billion); Kenya (US$106.04 billion); Ethiopia (US$93.97 billion); Ghana (US$74.26 billion); Côte d’Ivoire, (US$70.99 billion); and Angola (US$66.49 billion).

The list put together by Statista saw Seychelles emerge as the African country with the highest GDP per capita.

 

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