Latest Economic Figures for Ghana – October 2022

  1. Provisional GDP growth rate for first half of 2022 is 4.8%.
  2. Inflation for August 2022 was 33.9%.
  3. Monetary policy rate is 24.5%.
  4. Interbank lending rate was 22.05% as at September 2022.
  5. Average lending rate was 29.81% as at September 2022.
  6. Total Exports as at August 2022 was US$11.8 billion. Gold Exports US$4.2 billion (35.7%). Cocoa Exports US$1.65 billion (14%). Oil Exports US$3.8 billion (32%).
  7. Total Imports as at August 2022 was US$10.16 billion. Oil imports was US$3.1 billion (30.6%).
  8. Trade surplus as at August 2022 was US$1.66 billion (2.2% of GDP).
  9. Current account deficit as at June 2022 was US$1.18 billion (1.3% of GDP).
  10. Overall Balance of Payments deficit as at August 2022 was US$2.5bn (3.3% of GDP).
  11. Budget deficit as at June 2022 was 5.6% of GDP.
  12. External debt as at July 2022 was US$28 billion (GH¢212.1bn) (35.8% of GDP).
  13. Domestic debt as at July 2022 was GH¢190.3bn (32.2% of GDP).
  14. Total Public debt as at July 2022 was GH¢402.4bn (68% of GDP).
  15. Non-Performing loans (of banks) as at August 2022 was 14.3%.
  16. Active mobile money accounts were 19.5 million as at August 2022.
  17. Market capitalisation of the GSE was GH¢64.4 billion as at August 2022.
  18. Gross International reserves are US$6.59 billion as at September 2022 (2.9 months of import cover).
  19. Net International reserves are US$2.7 billion as at September 2022.
  20. Balance on the Petroleum Holding Funds (Stabilisation Fund & Heritage Fund) is $1.08 billion.
  21. Nominal GDP is GH¢591.9 billion.

Data Sources: Bank of Ghana, GSE, GSS

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