Latest economic figures for Ghana – May 2019

  1. GDP growth rate was 6.8% for 2018.
  2. Inflation as at April 2019 was 9.5%.
  3. Monetary policy rate is 16%.
  4. Interbank lending rate was 15.21% as at April 2019.
  5. Average lending rate was 27.7% as at April 2019.
  6. Total Exports for 2019 (up to April) is US$5.39 billion. Gold Exports US$1.95 billion (36%). Cocoa Exports US$1.03 billion (19%). Oil Exports US$1.45 billion (27%).
  7. Total Imports for 2019 (up to April) is US$4.1 billion. Oil imports is US$778 million (19%).
  8. Trade surplus for 2019 (up to April) is US$1.29 billion (1.9% of GDP).
  9. Current account surplus for as at March 2019 was US$295 million (0.4% of GDP).
  10. Budget deficit (on cash basis) is 1.8% of GDP as at March 2019.
  11. External debt as at March 2019 was GH¢105.2bn (30.5% of GDP).
  12. Domestic debt as at March 2019 was GH¢92.8bn (30.5% of GDP).
  13. Total Public debt as at March 2019 was GH¢198bn (57.5% of GDP).
  14. Non-Performing loans (of banks) as at February 2019 was 18.9%.

Data Source: Bank of Ghana

Leave a Reply