Latest economic figures for Ghana – November 2019

  1. GDP growth rate was 5.7% for Q2 2019.
  2. Inflation as at October 2019 was 7.7%.
  3. Monetary policy rate is 16%.
  4. Interbank lending rate was 15.20% as at October 2019.
  5. Average lending rate was 23.65% as at October 2019.
  6. Total Exports for 2019 (up to October) is US$13 billion. Gold Exports US$5.2 billion (40%). Cocoa Exports US$1.7 billion (13.1%). Oil Exports US$3.8 billion (29%).
  7. Total Imports for 2019 (up to October) is US$11.2 billion. Oil imports is US$1.86 billion (16.6%).
  8. Trade surplus for 2019 (up to October) is US$1.8 billion (2.6% of GDP).
  9. Current account deficit as at September 2019 was US$829.5 million (1.2% of GDP).
  10. Budget deficit (on cash basis) is 4.5% of GDP as at September 2019.
  11. External debt as at September 2019 was GH¢107.2bn (31% of GDP).
  12. Domestic debt as at September 2019 was GH¢101.4bn (29.4% of GDP).
  13. Total Public debt as at September 2019 was GH¢208.6bn (60.3% of GDP).
  14. Non-Performing loans (of banks) as at October 2019 was 17.3%.
  15. Active mobile money accounts were 13.6 million as at September 2019.
  16. Market capitalisation of the GSE was GH¢55.5 billion as at October.

Data Source: Bank of Ghana

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