Economy of Ghana. Statistics, Data and Indicators
Ghana
| 31B- | Credit rank #88 |
| N/A | Quality of life # |
| 72 | Corruption rank#75 |
| 118 | Ease of doing business#106 |
Ghana Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 77.59 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.7 % | 4Q/22 |
| GDP Growth Rate | 0.8 % | 4Q/22 |
| GDP per capita | 2015 USD | 2021 |
| Inflation Rate YoY | 41.2 % | Apr/23 |
| Interest Rate | 29.5 % | May/23 |
| Unemployment Rate | 3.9 % | 2022 |
| Balance of Trade | 225 USD Million | 0.225 B USD | Apr/23 |
| Current Account | 318 USD Million | 0.318 B USD | 4Q/22 |
| Foreign Exchange Reserves | 5216 USD Million | 5.216 B USD | Apr/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 77.59 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.7 % | 4Q/22 |
| GDP Growth Rate | 0.8 % | 4Q/22 |
| GDP per capita | 2015 USD | 2021 |
| GDP Constant Prices | 44991 GHS Million | 3.874 B USD | 4Q/22 |
| GDP per capita PPP | 5435 USD | 2021 |
| GDP From Agriculture | 11116 GHS Million | 0.957 B USD | 4Q/22 |
| GDP From Construction | 3049 GHS Million | 0.263 B USD | 4Q/22 |
| GDP From Manufacturing | 5011 GHS Million | 0.431 B USD | 4Q/22 |
| GDP From Mining | 6216 GHS Million | 0.535 B USD | 4Q/22 |
| GDP From Public Administration | 2014 GHS Million | 0.173 B USD | 4Q/22 |
| GDP From Services | 20106 GHS Million | 1.731 B USD | 4Q/22 |
| GDP From Transport | 2583 GHS Million | 0.222 B USD | 4Q/22 |
| GDP From Utilities | 244 GHS Million | 0.021 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 88.8 % | 2022 |
| Government Budget Value | -3583 GHS Million | -0.617 USD Billion | Sep/19 |
| Government Spending | 45681 GHS Million | 3.933 USD Billion | 2021 |
| 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 | -10 % | 2022 |
| Military Expenditure | 298 USD Million | 0.298 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 170 index points | Apr/23 |
| Food Inflation | 48.7 % | Apr/23 |
| Gasoline Prices | 1.15 USD/Liter | May/23 |
| Inflation Rate YoY | 41.2 % | Apr/23 |
| Producer Prices | 199 index points | Apr/23 |
| Inflation Rate Mom | 2.4 % | Apr/23 |
| CPI Housing Utilities | 196 Index Points | Apr/23 |
| CPI Transportation | 181 Index Points | Apr/23 |
| Producer Prices Change | 43.9 % | Apr/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.2 % | 2021 |
| Balance of Trade | 225 USD Million | 0.225 USD Billion | Apr/23 |
| Capital Flows | -689 USD Million | -0.689 USD Billion | 4Q/22 |
| Current Account | 318 USD Million | 0.318 USD Billion | 4Q/22 |
| Exports | 1283 USD Million | 1.283 USD Billion | Apr/23 |
| External Debt | 28412 USD Million | 28.412 B USD | 3Q/22 |
| Foreign Exchange Reserves | 5216 USD Million | 5.216 USD Billion | Apr/23 |
| Imports | 1058 USD Million | 1.058 USD Billion | Apr/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 34.5 % | May/18 |
| Gold Reserves | 8.74 Tonnes | 1Q/23 |
| Interest Rate | 29.5 % | May/23 |
| Central Bank Balance Sheet | 166804 GHS Million | 14.362 B USD | Dec/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 3.9 % | 2022 |
| 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 % | 2023 |
| Personal Income Tax Rate | 30 % | 2023 |
| Sales Tax Rate | 15 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 178 BBL/D/1K | Jan/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 43 index points | 2022 |
| Corruption Rank | 72 place | 2022 |
| Ease of Doing Business | 118 place | 2019 |
| Competitiveness Index | 51.2 Index Points | 2019 |
| Competitiveness Rank | 111 | 2019 |
| Composite PMI | 51.3 Index Points | Apr/23 |
| Leading Economic Index | -6.4 % | Mar/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Household Spending | 17.1 % | 2021 |
