Latest economic figures for Ghana – September 2017

  1. GDP growth rate is 9% for Q2 2017.
  2. Inflation for August 2017 was 12.3%.
  3. Monetary policy rate is 21%.
  4. Interbank lending rate is 20.99% as at August 2017.
  5. Average lending rate is 29.8% as at August 2017.
  6. Total Exports as at August 2017 is $8.94bn. Gold $3.79bn (42.93%). Cocoa $1.99bn (22.3%). Oil $1.68bn (18.79%)
  7. Total Imports as at August 2017 is $7.77bn. Oil $903.1m (11.62%).
  8. Deficit is 4% of GDP as at July 2017.
  9. External debt as at June 2017 is GH¢74.6bn (36.9% of GDP).
  10. Domestic debt as at June 2017 is GH¢63.9bn (31.6% of GDP).
  11. Total Public debt as at June 2017 is GH¢138.6bn (68.6% of GDP)
  12. Non-Performing loans (of banks) as at July 2017 is 20.9%.

Source: Bank of Ghana

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Jerome Kuseh

Accountant | Economist-in-Training | Private Investor
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