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 USD Billion | 2019 |
| GDP Annual Growth Rate | 5.6 % | 3Q/19 |
| GDP Growth Rate | 1.4 % | 3Q/19 |
| GDP per capita | 1807 USD | 2018 |
| Inflation Rate YoY | 7.8 % | Feb/20 |
| Interest Rate | 14.5 % | Mar/20 |
| Unemployment Rate | 6.8 % | 2019 |
| Balance of Trade | 488 USD Million | 0.488 B USD | Feb/20 |
| Current Account | -1712 USD Million | -1.712 B USD | 4Q/19 |
| Foreign Exchange Reserves | 8250 USD Million | 8.25 B USD | Jan/20 |
GDP
66
USD Billion
#77 from 174 countries
GDP per capita
1807
USD
#128 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 66 USD Billion | 2019 |
| GDP Annual Growth Rate | 5.6 % | 3Q/19 |
| GDP Growth Rate | 1.4 % | 3Q/19 |
| GDP per capita | 1807 USD | 2018 |
| GDP Constant Prices | 40358 GHS Million | 6.988 B USD | 3Q/19 |
| GDP per capita PPP | 4212 USD | 2018 |
| GDP From Agriculture | 7639 GHS Million | 1.323 B USD | 3Q/19 |
| GDP From Construction | 3639 GHS Million | 0.63 B USD | 3Q/19 |
| GDP From Manufacturing | 4953 GHS Million | 0.858 B USD | 3Q/19 |
| GDP From Mining | 7410 GHS Million | 1.283 B USD | 3Q/19 |
| GDP From Public Administration | 1290 GHS Million | 0.223 B USD | 3Q/19 |
| GDP From Services | 14894 GHS Million | 2.579 B USD | 3Q/19 |
| GDP From Transport | 2036 GHS Million | 0.353 B USD | 3Q/19 |
| GDP From Utilities | 183 GHS Million | 0.032 B USD | 3Q/19 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 59.3 % | 2018 |
| Government Budget Value | -3583 GHS Million | -0.62 USD Billion | Sep/19 |
| Government Spending | 27097 GHS Million | 4.692 USD Billion | 2018 |
| Government Revenues | 4459 GHS Million | 0.772 USD Billion | Sep/19 |
| Fiscal Expenditure | 6242 GHS Million | 1.081 B USD | Sep/19 |
| Government Budget to GDP | -3.8 % | 2018 |
| Military Expenditure | 211 USD Million | 0.211 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 112 index points | Feb/20 |
| Food Inflation | 7.9 % | Feb/20 |
| Gasoline Prices | 0.85 USD/Liter | Mar/20 |
| Inflation Rate YoY | 7.8 % | Feb/20 |
| Producer Prices | 685 index points | Feb/20 |
| Inflation Rate Mom | 0.4 % | Feb/20 |
| CPI Housing Utilities | 116 Index Points | Feb/20 |
| CPI Transportation | 118 Index Points | Feb/20 |
| Producer Prices Change | 11.8 % | Feb/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -4.4 % | 2018 |
| Balance of Trade | 488 USD Million | 0.488 USD Billion | Feb/20 |
| Capital Flows | 3120 USD Million | 3.12 USD Billion | 4Q/19 |
| Current Account | -1712 USD Million | -1.712 USD Billion | 4Q/19 |
| Exports | 1375 USD Million | 1.375 USD Billion | Feb/20 |
| External Debt | 20300 USD Million | 20.3 B USD | 4Q/19 |
| Foreign Exchange Reserves | 8250 USD Million | 8.25 USD Billion | Jan/20 |
| Imports | 1088 USD Million | 1.088 USD Billion | Jan/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 34.5 % | May/18 |
| Gold Reserves | 8.74 Tonnes | 4Q/19 |
| Interest Rate | 14.5 % | Mar/20 |
| Central Bank Balance Sheet | 78613 GHS Million | 13.612 B USD | Jan/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 6.8 % | 2019 |
| Living Wage Family | 1720 GHS/Month | 297.82 USD/Month | 2018 |
| Living Wage Individual | 900 GHS/Month | 155.836 USD/Month | 2018 |
| Wages High Skilled | 2030 GHS/Month | 351.497 USD/Month | 2018 |
| Wages Low Skilled | 870 GHS/Month | 150.642 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2020 |
| Personal Income Tax Rate | 25 % | 2018 |
| Sales Tax Rate | 12.5 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 214 BBL/D/1K | Nov/19 |
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 | 41.4 Index Points | Mar/20 |
| Leading Economic Index | 3.1 % | Nov/19 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Household Spending | 20.1 % | 2018 |
Gold Reserves
8.74
Tonnes
#73 from 114 countries
Foreign Exchange Reserves
8.25
USD Billion
#71 from
114 countries
Government Budget Value
-0.62
USD Billion
#63 from 113 countries
Inflation Rate
7.8
%
#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
