Latest economic figures for Ghana – September 2020

  1. GDP growth rate for Q2 2020 was -3.2%.
  2. Inflation as at August 2020 was 10.5%.
  3. Monetary policy rate is 14.5%.
  4. Interbank lending rate was 13.63% as at August 2020.
  5. Average lending rate was 21.37% as at August 2020.
  6. Total Exports for 2020 (up to August) was US$9.62 billion. Gold Exports US$4.32 billion (45%). Cocoa Exports US$1.72 billion (18%). Oil Exports US$1.93 billion (20%).
  7. Total Imports for 2020 (up to August) was US$8.3 billion. Oil imports is US$1.2 billion (15%).
  8. Trade surplus for for 2020 (up to August) was US$1.32 billion (2% 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 7.4% of GDP as at July 2020.
  11. External debt as at July 2020 was GH¢138bn (35.8% of GDP).
  12. Domestic debt as at July 2020 was GH¢125.1bn (32.5% of GDP).
  13. Total Public debt as at July 2020 was GH¢263.1bn (68% of GDP).
  14. Non-Performing loans (of banks) as at August 2020 was 15.5%.
  15. Active mobile money accounts were 15.9 million as at August 2020.
  16. Market capitalisation of the GSE was GH¢52.6 billion as at August 2020.

Data Source: Bank of Ghana

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