Latest economic figures for Ghana – November 2017

  1. GDP growth rate is 9% for Q2 2017.
  2. Inflation for October 2017 was 11.6%.
  3. Monetary policy rate is 20%.
  4. Interbank lending rate is 20.88% as at October 2017.
  5. Average lending rate is 29.1% as at October 2017.
  6. Total Exports as at October 2017 is $10bn. Gold $4.37bn (43.7%). Cocoa $2.05bn (20.5%). Oil $1.95bn (19.5%)
  7. Total Imports as at October 2017 is $9.31bn. Oil $1.54bn (16.5%).
  8. Deficit is 4.3% of GDP as at September 2017.
  9. External debt as at September 2017 is GH¢75.5bn (37.4% of GDP).
  10. Domestic debt as at September 2017 is GH¢63.3bn (31.3% of GDP).
  11. Total Public debt as at September 2017 is GH¢138.9bn (68.6% of GDP)
  12. Non-Performing loans (of banks) as at October 2017 is 21.6%.

Source: Bank of Ghana

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Jerome Kuseh

Accountant | Economist-in-Training | Finance Blogger
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