Should I upgrade my graphics card OR my CPU?

Basically, I want to enhance my gaming experience. My config is:

CPU: AMD Athlon X4 845
Motherboard: Not 100% sure, lost the box. What i do know is that it's an asus gaming board, Atx, FM2+ Socket, 4 RAM slots and PCI express 3.0 for the graphics.

PSU delivers 650W. Don't worry about the cooler.

I play GTA V with around 40-45 fps on my old 1280x1024 monitor. Getting a new one so guess i need to upgrade.

What's your best guess? If you have the time, could you recommend an affordable alternative? (About $100-$150)

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Clarification Request

Got 8GB RAM btw

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That would be the usual 1050 ti.
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The gtx 1050ti will give you a bump.

Keep this new monitor at 1080p and 60hz.

Don't get a high end gaming monitor you won't have the muscle to drive it.

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Get GTX 1060ti as it gives value for the price. It will give you decent FPS on 22 inch widescreen LED/LCD.

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Gtx 1060 ti

Can you provide a link to this gpu?

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Ram and SSD Hard Disk

What is your Ram? If it is 4 GB or less, upgrade it first. In addition, the SSD hard disk is much fast from the standard hard disk.

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