Latest economic figures for Ghana – July 2018

  1. GDP growth rate was 6.8% as at March 2017.
  2. Inflation as at June 2018 was 10%.
  3. Monetary policy rate is 17%.
  4. Interbank lending rate was 16.38% as at June 2018.
  5. Average lending rate was 27.5% as at June 2018.
  6. Total Exports as at June 2018 is US$7.76bn. Gold Exports US$2.79bn (36%). Cocoa Exports US$1.34bn (17.5%). Oil Exports US$2.13bn (27.5%).
  7. Total Imports as at June 2018 was US$6.67bn. Oil imports is US$1.36bn (20.4%)
  8. Trade surplus of US$1.1bn (2.1% of GDP).
  9. Budget deficit (on cash basis) is 2.5% of GDP as at May 2018.
  10. External debt as at May 2018 was GH¢81.7bn (33.8% of GDP).
  11. Domestic debt as at May 2018 was GH¢72.6bn (30% of GDP).
  12. Total Public debt as at May 2018 was GH¢154.3bn (63.8% of GDP).
  13. Non-Performing loans (of banks) as at June 2018 was 22.6%.

Source: Bank of Ghana

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