Latest economic figures for Ghana – July 2022

  1. Provisional GDP growth rate for Q1 2022 is 3.3%.
  2. Inflation for June 2022 was 29.8%.
  3. Monetary policy rate is 19%.
  4. Interbank lending rate was 19.92% as at June 2022.
  5. Average lending rate was 24.27% as at June 2022.
  6. Total Exports as at June 2022 was US$9 billion. Gold Exports US$3 billion (33.5%). Cocoa Exports US$1.39 billion (15.4%). Oil Exports US$2.83 billion (31.5%).
  7. Total Imports as at June 2022 was US$7.57 billion. Oil imports was US$2.29 billion (30.2%).
  8. Trade surplus as at June 2022 was US$1.44 billion (2% of GDP).
  9. Current account deficit as at June 2022 was US$1.09 billion (1.5% of GDP).
  10. Overall Balance of Payments deficit as at June 2022 was US$2.5bn (3.5% of GDP).
  11. Budget deficit as at May 2022 was 5% of GDP.
  12. External debt as at June 2022 was US$28.1 billion (GH¢203.4bn) (40.5% of GDP).
  13. Domestic debt as at June 2022 was GH¢190.1bn (37.8% of GDP).
  14. Total Public debt as at June 2022 was GH¢393.4bn (78.3% of GDP).
  15. Non-Performing loans (of banks) as at June 2022 was 14.1%.
  16. Active mobile money accounts were 18.8 million as at June 2022.
  17. Market capitalisation of the GSE was GH¢64.8 billion as at June 2022.
  18. Gross International reserves are US$7.68 billion as at June 2022 (3.4 months of import cover).
  19. Net International reserves are US$3.58 billion as at June 2022.
  20. Balance on the Petroleum Holding Funds (Stabilisation Fund & Heritage Fund) is $1.2 billion.

Data Sources: Bank of Ghana, GSE, GSS

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