Latest economic figures for Ghana – September 2019

  1. GDP growth rate was 5.7% for Q2 2019.
  2. Inflation as at August 2019 was 7.8%.
  3. Monetary policy rate is 16%.
  4. Interbank lending rate was 15.20% as at August 2019.
  5. Total Exports for 2019 (up to August) is US$10.66 billion. Gold Exports US$4.12 billion (39%). Cocoa Exports US$1.55 billion (14.5%). Oil Exports US$3.08 billion (29%).
  6. Total Imports for 2019 (up to June) is US$8.02 billion. Oil imports is US$1.61 billion (20%).
  7. Trade surplus for 2019 (up to August) is US$2.64 billion (3.9% of GDP).
  8. Current account surplus as at June 2019 was US$274.7 million (0.4% of GDP).
  9. Budget deficit (on cash basis) is 3.9% of GDP as at July 2019.
  10. External debt as at July 2019 was GH¢107.2bn (31% of GDP).
  11. Domestic debt as at July 2019 was GH¢98.3bn (28.4% of GDP).
  12. Total Public debt as at July 2019 was GH¢205.5bn (59.4% of GDP).
  13. Non-Performing loans (of banks) as at August 2019 was 17.8%.

Data Source: Bank of Ghana

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