Latest economic figures for Ghana – January 2019

  1. GDP growth rate was 7.4% as at September 2018.
  2. Inflation as at December 2018 was 9.4%.
  3. Monetary policy rate is 16%.
  4. Interbank lending rate was 16.12% as at December 2018.
  5. Average lending rate was 26.86% as at December 2018.
  6. Total Exports for 2018 is US$14.9bn. Gold Exports US$5.46bn (36.6%). Cocoa Exports US$2.09bn (14%). Oil Exports US$4.57bn (30.7%).
  7. Total Imports for 2018 was US$13bn. Oil imports is US$2.5bn (19.4%).
  8. Trade surplus for 2018 is US$1.78bn (2.7% of GDP).
  9. Current account deficit for 2018 was US$2.07 billion (3.2% of GDP).
  10. Budget deficit (on cash basis) is 3% of GDP as at September 2018.
  11. External debt as at November 2018 was GH¢86.3bn (28.9% of GDP).
  12. Domestic debt as at November 2018 was GH¢86.5bn (29% of GDP).
  13. Total Public debt as at November 2018 was GH¢172.9bn (57.9% of GDP).
  14. Non-Performing loans (of banks) as at December 2018 was 18.2%.

Data Source: Bank of Ghana

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