Background: Ghana has made impressive progress against malaria, decreasing mortality and morbidity by over 50% between 2005-2015. These gains have been facilitated in part, due to increased financial commitment from both government and donors. Between 2006 and 2011, total resources for malaria increased from less than USD 25 million in 2006 to over USD 100 million. However, the country still faces a high burden of disease and is at risk of declining external financing due to its strong economic growth and the consequential increased donor requirements for domestic contributions. The resulting financial gap will need to be met domestically to accelerate progress. The purpose of this study was to provide evidence of the economic impact of malaria elimination and the potential risks of withdrawing financing to shape an advocacy strategy for resource mobilization.Methods: A compartmental transmission model was developed to estimate the impact of a range of malaria interventions on the transmission of Plasmodium falciparum malaria between 2018 and 2030. The model projected scenarios that allowed the attainment of elimination using a package of common interventions and scenarios that predicted transmission if interventions were withheld. The outputs of this model were used to generate costs and economic benefits of each option.Results: Elimination was predicted using the interventions outlined in the national strategy, particularly increased net usage and improved case management. Malaria elimination in Ghana was predicted cost USD 961 million between 2020 and 2029. Compared to the baseline, elimination is estimated to prevent 85.5 million cases, save 4,468 lives, and avert USD 2.2 billion in health system expenditures. The economic gain was estimated at USD 32 billion in reduced expenditure, increased household prosperity and productivity gains. Through malaria elimination, Ghana can expect to see a 32-fold return on their investment. Withdrawing interventions, predicted an additional 38.2 clinical cases, 2,500 deaths and additional economic losses of USD 14.1 billion.Conclusions: Although government financing has increased in the past decade, the amount is less than 25% of total malaria financing. The study findings can be used to develop a robust strategy to overcome financial barriers for malaria elimination in Ghana.