Latest economic figures for Ghana – July 2017

  1. GDP growth rate is 6.6% for Q1 2017.
  2. Inflation for June 2017 was 12.1%.
  3. Monetary policy rate is 21%.
  4. Interbank lending rate 22.11% as at June 2017.
  5. Average lending rate is 30.8% as at June 2017.
  6. Total Exports as at June 2017 is $7.16bn. Gold $3.06bn (42.7%). Cocoa $1.74bn (24.3%). Oil $1.24bn (17.3%)
  7. Total Imports as at June 2017 is $5.73bn. Oil $733.1m (12.8%).
  8. Deficit is 1.5% of GDP as at April 2017.
  9. External debt as at May 2017 is GH¢73.3bn (36% of GDP).
  10. Domestic debt as at May 2017 is GH¢63.9bn (31.4% of GDP).
  11. Total Public debt as at May 2017 is GH¢137.2bn (67.5% of GDP)
  12. Non-Performing loans (of banks) as at May 2017 is 21.7%.
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Jerome Kuseh

Accountant | Economist-in-Training | Financial Analyst
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