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 | 72.84 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.2 % | 2Q/23 |
| GDP Growth Rate | 0.7 % | 2Q/23 |
| GDP per capita | 2040 USD | 2022 |
| Inflation Rate YoY | 38.1 % | Sep/23 |
| Interest Rate | 30 % | Sep/23 |
| Unemployment Rate | 3.9 % | 2022 |
| Balance of Trade | 113 USD Million | 0.113 B USD | Aug/23 |
| Current Account | 173 USD Million | 0.173 B USD | 2Q/23 |
| Foreign Exchange Reserves | 5344 USD Million | 5.344 B USD | Jun/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 72.84 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.2 % | 2Q/23 |
| GDP Growth Rate | 0.7 % | 2Q/23 |
| GDP per capita | 2040 USD | 2022 |
| GDP Constant Prices | 45697 GHS Million | 3.891 B USD | 2Q/23 |
| GDP per capita PPP | 5504 USD | 2022 |
| GDP From Agriculture | 8811 GHS Million | 0.75 B USD | 2Q/23 |
| GDP From Construction | 3055 GHS Million | 0.26 B USD | 2Q/23 |
| GDP From Manufacturing | 4539 GHS Million | 0.386 B USD | 2Q/23 |
| GDP From Mining | 5793 GHS Million | 0.493 B USD | 2Q/23 |
| GDP From Public Administration | 2062 GHS Million | 0.176 B USD | 2Q/23 |
| GDP From Services | 17762 GHS Million | 1.512 B USD | 2Q/23 |
| GDP From Transport | 2595 GHS Million | 0.221 B USD | 2Q/23 |
| GDP From Utilities | 193 GHS Million | 0.016 B USD | 2Q/23 |
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 | 13565 GHS Million | 1.155 USD Billion | 2022 |
| 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 | -11.8 % | 2022 |
| Military Expenditure | 229 USD Million | 0.229 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 191 index points | Aug/23 |
| Food Inflation | 49.4 % | Sep/23 |
| Gasoline Prices | 1.18 USD/Liter | Sep/23 |
| Inflation Rate YoY | 38.1 % | Sep/23 |
| Producer Prices | 195 index points | Aug/23 |
| Inflation Rate Mom | 1.9 % | Sep/23 |
| CPI Housing Utilities | 210 Index Points | Aug/23 |
| CPI Transportation | 189 Index Points | Aug/23 |
| Producer Prices Change | 28.3 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.1 % | 2022 |
| Balance of Trade | 113 USD Million | 0.113 USD Billion | Aug/23 |
| Capital Flows | 159 USD Million | 0.159 USD Billion | 2Q/23 |
| Current Account | 173 USD Million | 0.173 USD Billion | 2Q/23 |
| Exports | 1290 USD Million | 1.29 USD Billion | Aug/23 |
| External Debt | 29185 USD Million | 29.185 B USD | 4Q/22 |
| Foreign Exchange Reserves | 5344 USD Million | 5.344 USD Billion | Jun/23 |
| Imports | 1177 USD Million | 1.177 USD Billion | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 34.5 % | May/18 |
| Gold Reserves | 8.74 Tonnes | 2Q/23 |
| Interest Rate | 30 % | Sep/23 |
| Central Bank Balance Sheet | 226364 GHS Million | 19.272 B USD | Jun/23 |
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 | 173 BBL/D/1K | May/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 | 50.5 Index Points | Sep/23 |
| Leading Economic Index | -2.8 % | Jul/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Household Spending | 17.1 % | 2021 |
