Latest economic figures for Ghana – March 2019

  1. GDP growth rate was 7.4% as at September 2018.
  2. Inflation as at February 2019 was 9.2%.
  3. Monetary policy rate is 16%.
  4. Interbank lending rate was 15.6% as at February 2019.
  5. Average lending rate was 27.8% as at February 2019.
  6. Total Exports for 2019 (up to February) is US$2.69bn. Gold Exports US$944 million (35%). Cocoa Exports US$566 million (21%). Oil Exports US$722 million (27%).
  7. Total Imports for 2019 (up to February) is US$2.2bn. Oil imports is US$380 million (17.3%).
  8. Trade surplus for 2019 (up to February) is US$500 million (0.7% of GDP).
  9. Current account deficit for 2018 was US$2.07 billion (3.2% of GDP).
  10. Budget deficit (on cash basis) is 3.8% of GDP as at December 2018.
  11. External debt as at December 2018 was GH¢86.3bn (28.9% of GDP).
  12. Domestic debt as at December 2018 was GH¢86.9bn (29.1% of GDP).
  13. Total Public debt as at December 2018 was GH¢173.2bn (58% of GDP).
  14. Non-Performing loans (of banks) as at February 2019 was 18.2%.

Data Source: Bank of Ghana

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