Economy of Ghana. Statistics, Data and Indicators
Ghana
| 31B- | Credit rank #88 |
| N/A | Quality of life # |
| 80 | Corruption rank#75 |
| 118 | Ease of doing business#106 |
Ghana Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 66.98 USD Billion | 2019 |
| GDP Annual Growth Rate | -3.2 % | 2Q/20 |
| GDP Growth Rate | 1.2 % | 1Q/20 |
| GDP per capita | 1884 USD | 2019 |
| Inflation Rate YoY | 10.5 % | Aug/20 |
| Interest Rate | 14.5 % | Sep/20 |
| Unemployment Rate | 6.8 % | 2019 |
| Balance of Trade | -80 USD Million | -0.08 B USD | Jun/20 |
| Current Account | -663 USD Million | -0.663 B USD | 2Q/20 |
| Foreign Exchange Reserves | 9171 USD Million | 9.171 B USD | Jun/20 |
GDP
66.98
USD Billion
#77 from 174 countries
GDP per capita
1884
USD
#128 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 66.98 USD Billion | 2019 |
| GDP Annual Growth Rate | -3.2 % | 2Q/20 |
| GDP Growth Rate | 1.2 % | 1Q/20 |
| GDP per capita | 1884 USD | 2019 |
| GDP Constant Prices | 41316 GHS Million | 7.135 B USD | 2Q/20 |
| GDP per capita PPP | 5413 USD | 2019 |
| GDP From Agriculture | 6629 GHS Million | 1.145 B USD | 2Q/20 |
| GDP From Construction | 3102 GHS Million | 0.536 B USD | 2Q/20 |
| GDP From Manufacturing | 4133 GHS Million | 0.714 B USD | 2Q/20 |
| GDP From Mining | 6844 GHS Million | 1.182 B USD | 2Q/20 |
| GDP From Public Administration | 1377 GHS Million | 0.238 B USD | 2Q/20 |
| GDP From Services | 15219 GHS Million | 2.628 B USD | 2Q/20 |
| GDP From Transport | 2298 GHS Million | 0.397 B USD | 2Q/20 |
| GDP From Utilities | 187 GHS Million | 0.032 B USD | 2Q/20 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 59.3 % | 2018 |
| Government Budget Value | -3583 GHS Million | -0.617 USD Billion | Sep/19 |
| Government Spending | 31036 GHS Million | 5.36 USD Billion | 2019 |
| Government Revenues | 4459 GHS Million | 0.768 USD Billion | Sep/19 |
| Fiscal Expenditure | 6242 GHS Million | 1.076 B USD | Sep/19 |
| Government Budget to GDP | -4.8 % | 2019 |
| Military Expenditure | 211 USD Million | 0.211 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 120 index points | Aug/20 |
| Food Inflation | 11.4 % | Aug/20 |
| Gasoline Prices | 0.9 USD/Liter | Aug/20 |
| Inflation Rate YoY | 10.5 % | Aug/20 |
| Producer Prices | 717 index points | Aug/20 |
| Inflation Rate Mom | -0.4 % | Aug/20 |
| CPI Housing Utilities | 135 Index Points | Aug/20 |
| CPI Transportation | 122 Index Points | Aug/20 |
| Producer Prices Change | 9 % | Aug/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.8 % | 2019 |
| Balance of Trade | -80 USD Million | -0.08 USD Billion | Jun/20 |
| Capital Flows | 437 USD Million | 0.437 USD Billion | 2Q/20 |
| Current Account | -663 USD Million | -0.663 USD Billion | 2Q/20 |
| Exports | 1175 USD Million | 1.175 USD Billion | Jun/20 |
| External Debt | 24000 USD Million | 24 B USD | 2Q/20 |
| Foreign Exchange Reserves | 9171 USD Million | 9.171 USD Billion | Jun/20 |
| Imports | 1249 USD Million | 1.249 USD Billion | Jun/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 34.5 % | May/18 |
| Gold Reserves | 8.7 Tonnes | 2Q/20 |
| Interest Rate | 14.5 % | Sep/20 |
| Central Bank Balance Sheet | 105948 GHS Million | 18.297 B USD | Jun/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 6.8 % | 2019 |
| Living Wage Family | 1720 GHS/Month | 297.141 USD/Month | 2018 |
| Living Wage Individual | 900 GHS/Month | 155.481 USD/Month | 2018 |
| Wages High Skilled | 2030 GHS/Month | 350.695 USD/Month | 2018 |
| Wages Low Skilled | 870 GHS/Month | 150.298 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2020 |
| Personal Income Tax Rate | 25 % | 2020 |
| Sales Tax Rate | 12.5 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 202 BBL/D/1K | May/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 41 index points | 2019 |
| Corruption Rank | 80 place | 2019 |
| Ease of Doing Business | 118 place | 2019 |
| Competitiveness Index | 51.2 Index Points | 2019 |
| Competitiveness Rank | 111 | 2019 |
| Composite PMI | 51.2 Index Points | Aug/20 |
| Leading Economic Index | 3.6 % | Jul/20 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Household Spending | 11.5 % | 2019 |
Gold Reserves
8.7
Tonnes
#73 from 114 countries
Foreign Exchange Reserves
9.171
USD Billion
#71 from
114 countries
Government Budget Value
-0.617
USD Billion
#63 from 113 countries
Inflation Rate
10.5
%
#27 from
174 countries
Interest Rate
14.5
%
#9 from
159 countries
Bank Lending Rate
34.5%
#2 from
55 countries
Unemployment Rate
6.8
%
#71 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
