Latest economic figures for Ghana – May 2017

  1. GDP growth rate is 4.1% for 2016.
  2. Inflation for April 2017 was 13%.
  3. Monetary policy rate is 22.5%.
  4. Interbank lending rate 23.34% as at April 2017.
  5. Average lending rate is 30.5% as at April 2017.
  6. Total Exports as at April 2017 is $4.92bn. Gold $2.2bn (44.7%). Cocoa $1.14bn (23.2%). Oil $845m (17.2%)
  7. Total Imports as at April 2017 is $3.8bn. Oil $556m (14.6%).
  8. Deficit is 1.5% of GDP as at March 2017.
  9. External debt as at September 2016 is GH¢71.9bn (35.3% of GDP).
  10. Domestic debt as at September 2016 is GH¢55.2bn (27.2% of GDP).
  11. Non-Performing loans (of banks) as at April 2017 is 19.8%.
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Jerome Kuseh

Financial Analyst | Accountant | Private Investor
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