Latest economic figures for Ghana – January 2018

  1. GDP growth rate is 9.3% for Q3 2017.
  2. Inflation for December 2017 was 11.8%.
  3. Monetary policy rate is 20%.
  4. Interbank lending rate is 19.34% as at December 2017.
  5. Average lending rate is 29.3% as at December 2017.
  6. Total Exports for 2017 is $13.75bn. Gold $5.79bn (42%). Cocoa $2.71bn (19.7%). Oil $3.02bn (22%)
  7. Total Imports for 2017 is $12.68bn. Oil $2.03bn (16%).
  8. Trade surplus of $1.07bn (2.3%) of GDP.
  9. Budget deficit (on cash basis) is 5.3% of GDP as at November 2017.
  10. External debt as at December 2017 is GH¢74.7bn (37% of GDP).
  11. Domestic debt as at December 2017 is GH¢64.2bn (31.8% of GDP).
  12. Total Public debt as at December 2017 is GH¢138.8bn (68.7% of GDP)
  13. Non-Performing loans (of banks) as at December 2017 is 22.7%.

Source: Bank of Ghana

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Jerome Kuseh

Accountant | Economist-in-Training | Finance Blogger
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