Latest economic figures for Ghana – May 2020

  1. GDP growth rate for 2019 was 7.9%.
  2. Inflation as at April 2020 was 10.6%.
  3. Monetary policy rate is 14.5%.
  4. Interbank lending rate was 13.98% as at April 2020.
  5. Average lending rate was 23.38% as at April 2020.
  6. Total Exports for 2020 (up to March) was US$3.94 billion. Gold Exports US$1.47 billion (37%). Cocoa Exports US$959.5 million (24%). Oil Exports US$874.1 million (22%).
  7. Total Imports for 2020 (up to March) was US$2.99 billion. Oil imports is US$511 million (17%).
  8. Trade surplus for for 2020 (up to May) was US$936.4 million (1.4% of GDP).
  9. Current account deficit up to March 2020 was US$199.9 million (0.3% of GDP).
  10. Budget deficit (on cash basis) was 3.4% of GDP as at March 2020.
  11. External debt as at March 2020 was GH¢124.8bn (31.4% of GDP).
  12. Domestic debt as at March 2020 was GH¢111.3bn (28% of GDP).
  13. Total Public debt as at March 2020 was GH¢236.1bn (59.3% of GDP).
  14. Non-Performing loans (of banks) as at March 2020 was 14.5%.
  15. Active mobile money accounts were 14.8 million as at March 2020.
  16. Market capitalisation of the GSE was GH¢55.2 billion as at April 2020.

Data Source: Bank of Ghana

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