Latest economic figures for Ghana – July 2020

  1. GDP growth rate for Q1 2020 was 4.9%.
  2. Inflation as at June 2020 was 11.2%.
  3. Monetary policy rate is 14.5%.
  4. Interbank lending rate was 13.82% as at June 2020.
  5. Average lending rate was 21.95% as at June 2020.
  6. Total Exports for 2020 (up to June) was US$7.32 billion. Gold Exports US$3.18 billion (43%). Cocoa Exports US$1.52 billion (21%). Oil Exports US$1.42 billion (19%).
  7. Total Imports for 2020 (up to June) was US$6.4 billion. Oil imports is US$926 million (14%).
  8. Trade surplus for for 2020 (up to June) was US$952.7 million (1.4% of GDP).
  9. Current account deficit up to June 2020 was US$556.3 million (0.8% of GDP).
  10. Budget deficit (on cash basis) was 6.3% of GDP as at June 2020.
  11. External debt as at June 2020 was GH¢136.3bn (35.4% of GDP).
  12. Domestic debt as at June 2020 was GH¢122.1bn (31.7% of GDP).
  13. Total Public debt as at June 2020 was GH¢258.4bn (67% of GDP).
  14. Non-Performing loans (of banks) as at June 2020 was 15.7%.
  15. Active mobile money accounts were 15.5 million as at June 2020.
  16. Market capitalisation of the GSE was GH¢53 billion as at June 2020.

Data Source: Bank of Ghana

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