Latest Economic Figures for Ghana – January 2023

  1. Provisional GDP growth rate for Q3 2022 is 2.9%.
  2. Inflation for 2022 was 54.1%.
  3. Monetary policy rate is 27%.
  4. Interbank lending rate was 25.51% as at December 2022.
  5. Average lending rate was 35.58% as at December 2022.
  6. Total Exports in 2022 was US$17.4 billion. Gold Exports US$6.6 billion (38%). Cocoa Exports US$2.2 billion (12.6%). Oil Exports US$5.4 billion (31%).
  7. Total Imports in 2022 was US$14.7 billion. Oil imports was US$4.7 billion (32%).
  8. Trade surplus for 2022 was US$2.75 billion (3.8% of GDP).
  9. Current account deficit for 2022 was US$1.6 billion (2.3% of GDP).
  10. Overall Balance of Payments deficit for 2022 was US$3.6bn (5% of GDP).
  11. Budget deficit as at November 2022 was 9.8% of GDP.
  12. External debt as at November 2022 was US$29.2 billion (GH¢382.7bn) (62.1% of GDP).
  13. Domestic debt as at December 2022 was GH¢194.7bn (31.6% of GDP).
  14. Total Public debt as at November 2022 was GH¢575.7bn (93.5% of GDP).
  15. Non-Performing loans (of banks) as at December 2022 was 14.8%.
  16. Active mobile money accounts were 20.4 million as at December 2022.
  17. Market capitalisation of the GSE was GH¢64.5 billion as at December 2022.
  18. Gross International reserves are US$6.24 billion as at December 2022 (2.7 months of import cover).
  19. Net International reserves are US$2.44 billion as at December 2022.
  20. Balance on the Petroleum Holding Funds (Stabilisation Fund & Heritage Fund) is $1.06 billion.
  21. Nominal GDP is GH¢615.8 billion.

Data Sources: Bank of Ghana, GSE, GSS

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