Latest economic figures for Ghana – July 2019

  1. GDP growth rate was 6.7% for Q1 2019.
  2. Inflation as at June 2019 was 9.1%.
  3. Monetary policy rate is 16%.
  4. Interbank lending rate was 15.20% as at June 2019.
  5. Average lending rate was 27.68% as at June 2019.
  6. Total Exports for 2019 (up to June) is US$8 billion. Gold Exports US$3 billion (37%). Cocoa Exports US$1.35 billion (17%). Oil Exports US$2.25 billion (28%).
  7. Total Imports for 2019 (up to June) is US$6.1 billion. Oil imports is US$1.14 billion (19%).
  8. Trade surplus for 2019 (up to June) is US$1.94 billion (2.8% of GDP).
  9. Current account surplus as at June 2019 was US$39 million (0.1% of GDP).
  10. Budget deficit (on cash basis) is 1.6% of GDP as at March 2019.
  11. External debt as at May 2019 was GH¢105.4bn (30.6% of GDP).
  12. Domestic debt as at May 2019 was GH¢94.6bn (27.5% of GDP).
  13. Total Public debt as at May 2019 was GH¢200bn (58.1% of GDP).
  14. Non-Performing loans (of banks) as at June 2019 was 18.1%.

Data Source: Bank of Ghana

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