Latest economic figures for Ghana – May 2018

  1. GDP growth rate was 8.1% in 2017.
  2. Inflation for April 2018 was 9.6%.
  3. Monetary policy rate is 17%.
  4. Interbank lending rate was 17.5% as at April 2018.
  5. Average lending rate was 28.2% as at April 2018.
  6. Total Exports as at April 2018 is $5.53bn. Gold $1.9bn (34.5%). Cocoa $1.16bn (21%). Oil $1.47bn (26.5%).
  7. Total Imports as at February 2018 is $4.39bn. Oil $880m (20%).
  8. Trade surplus of $1.14bn (2.2%) of GDP as at April 2018.
  9. Budget deficit (on cash basis) is 1.3% of GDP as at March 2018.
  10. External debt as at February 2018 is GH¢76.9bn (31.8% of GDP).
  11. Domestic debt as at February 2018 is GH¢68.2bn (28.2% of GDP).
  12. Total Public debt as at February 2018 is GH¢145bn (60% of GDP).
  13. Non-Performing loans (of banks) as at April 2018 is 23.4%.

Source: Bank of Ghana

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