Latest economic figures for Ghana – March 2018

  1. GDP growth rate is 9.3% for Q3 2017.
  2. Inflation for February 2018 was 10.6%.
  3. Monetary policy rate is 18%.
  4. Interbank lending rate was 18.28% as at February 2018.
  5. Average lending rate was 29.3% as at February 2018.
  6. Total Exports as at February 2018 is $2.85bn. Gold $1.07bn (37.4%). Cocoa $0.65bn (22.8%). Oil $0.66bn (22%)
  7. Total Imports as at February 2018 is $2.3bn. Oil $0.39bn (17%).
  8. Trade surplus of $584.5m (1.1%) of GDP.
  9. Budget deficit (on cash basis) is 5.4% of GDP as at November 2017.
  10. External debt as at December 2017 is GH¢75.8bn (37.1% of GDP).
  11. Domestic debt as at December 2017 is GH¢66.7bn (32.7% of GDP).
  12. Total Public debt as at December 2017 is GH¢142.5bn (69.8% of GDP)
  13. Non-Performing loans (of banks) as at December 2017 is 21.6%.

Source: Bank of Ghana

Leave a Reply