"After rebasing in 2010, Ghana’s per capita GDP rose to Middle-Income Country (MIC)level as defined by the World Bank. The per capita income measure is, however, seen to be too narrow as it does not even include key economic indicators let alone important social and development indicators. As the first of a two-part paper, this paper assesses Ghana’s Middle-Income status in comparison with Malaysia and South Africa based on economic indicators and paper finds that on macroeconomic performance, Ghana lags behind. The paper concludes that Ghana may need to undertake major policy interventions to improve its economic performance to a level commensurate with its new MIC status."