Latest economic figures for Ghana – November 2018

  1. GDP growth rate was 5.4% as at June 2018.
  2. Inflation as at October 2018 was 9.5%.
  3. Monetary policy rate is 17%.
  4. Interbank lending rate was 16.19% as at October 2018.
  5. Average lending rate was 26.86% as at October 2018.
  6. Total Exports as at October 2018 is US$12.5bn. Gold Exports US$4.71bn (37.5%). Cocoa Exports US$1.67bn (13.3%). Oil Exports US$3.83bn (30.8%).
  7. Total Imports as at October 2018 was US$10.9bn. Oil imports is US$2.1bn (19.6%).
  8. Trade surplus as at October 2018 US$1.69bn (2.6% of GDP).
  9.  Current account deficit as at September 2018 was US$934 million (1.4% of GDP).
  10. Budget deficit (on cash basis) is 3% of GDP as at September 2018.
  11. External debt as at September 2018 was GH¢86.6bn (29% of GDP).
  12. Domestic debt as at September 2018 was GH¢84.2bn (28.2% of GDP).
  13. Total Public debt as at September 2018 was GH¢170.8bn (57.2% of GDP).
  14. Non-Performing loans (of banks) as at August 2018 was 20.1%.

Source: Bank of Ghana

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