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Economy of Ghana. Statistics, Data and Indicators

flag
Ghana
31B- Credit rank #88
N/A Quality of life #
80 Corruption rank#75
118 Ease of doing business#106
Ghana


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
vvp
66.98
USD Billion
#77 from 174 countries
GDP per capita
vvp
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
gold_reserve_icon
8.7
Tonnes
#73 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
9.171
USD Billion
#71 from 114 countries


Government Budget Value
balance_icon
-0.617
USD Billion
#63 from 113 countries
Inflation Rate
inflation_icon
10.5
%
#27 from 174 countries


Interest Rate
discount_rate_icon
14.5
%
#9 from 159 countries
Bank Lending Rate
credit_rate_icon
34.5%
#2 from 55 countries


Unemployment Rate
unemployment_icon
6.8
%
#71 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries