Latest economic figures for Ghana – May 2022

  1. Provisional GDP growth rate for 2021 is 5.4%.
  2. Inflation for April 2022 was 23.6%.
  3. Monetary policy rate is 19%.
  4. Interbank lending rate was 16.46% as at April 2022.
  5. Average lending rate was 21.61% as at April 2022.
  6. Total Exports as at April 2022 was US$6.1 billion. Gold Exports US$1.87 billion (30.7%). Cocoa Exports US$1.11 billion (18.2%). Oil Exports US$1.85 billion (30.3%).
  7. Total Imports as at April 2022 was US$4.77 billion. Oil imports was US$1.28 billion (26.8%).
  8. Trade surplus as at April 2022 was US$1.33 billion (1.9% of GDP).
  9. Current account deficit as at March 2022 was US$128.2 million (0.2% of GDP).
  10. Budget deficit as at March 2022 was 2.6% of GDP.
  11. External debt as at March 2022 was US$28.4 billion (GH¢201.9bn) (40.2% of GDP).
  12. Domestic debt as at March 2022 was GH¢189.9bn (37.8% of GDP).
  13. Total Public debt as at March 2022 was GH¢391.9bn (78% of GDP).
  14. Non-Performing loans (of banks) as at April 2022 was 14.3%.
  15. Active mobile money accounts were 18.6 million as at April 2022.
  16. Market capitalisation of the GSE was GH¢63.8 billion as at April 2022.
  17. Gross International reserves are US$8.34 billion as at April 2022 (3.7 months of import cover).

Data Sources: Bank of Ghana, GSE, GSS

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