Latest economic figures for Ghana – November 2020

  1. GDP growth rate for Q2 2020 was -3.2%.
  2. Inflation as at October 2020 was 10.1%.
  3. Monetary policy rate is 14.5%.
  4. Interbank lending rate was 13.55% as at October 2020.
  5. Average lending rate was 21.26% as at October 2020.
  6. Total Exports for 2020 (up to October) was US$12 billion. Gold Exports US$5.72 billion (48%). Cocoa Exports US$1.81 billion (15%). Oil Exports US$2.4 billion (20%).
  7. Total Imports for 2020 (up to October) was US$10.3 billion. Oil imports is US$1.5 billion (14%).
  8. Trade surplus for for 2020 (up to October) was US$1.72 billion (2.6% of GDP).
  9. Current account deficit up to September 2020 was US$1.27 billion (1.9% of GDP).
  10. Budget deficit (on cash basis) was 9% of GDP as at September 2020.
  11. External debt as at September 2020 was GH¢138.5bn (35.9% of GDP).
  12. Domestic debt as at September 2020 was GH¢135.3bn (35.1% of GDP).
  13. Total Public debt as at September 2020 was GH¢273.8bn (71% of GDP).
  14. Non-Performing loans (of banks) as at October 2020 was 15.3%.
  15. Active mobile money accounts were 16.9 million as at October 2020.
  16. Market capitalisation of the GSE was GH¢53.1 billion as at October 2020.

Data Source: Bank of Ghana

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