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Economy of Ghana. Statistics, Data and Indicators

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


Ghana Major Economic Indicators

Indicator Data Period
GDP Value 77.59 USD Billion 2021
GDP Annual Growth Rate 4.8 % 2Q/22
GDP Growth Rate 1.1 % 2Q/22
GDP per capita 2085 USD 2021
Inflation Rate YoY 40.4 % Oct/22
Interest Rate 27 % Nov/22
Unemployment Rate 4.7 % 2021
Balance of Trade 131 USD Million | 0.131 B USD Jun/22
Current Account -1094 USD Million | -1.094 B USD 2Q/22
Foreign Exchange Reserves 7680 USD Million | 7.68 B USD Jun/22


GDP Indicators

Indicator Data Period
GDP Value 77.59 USD Billion 2021
GDP Annual Growth Rate 4.8 % 2Q/22
GDP Growth Rate 1.1 % 2Q/22
GDP per capita 2085 USD 2021
GDP Constant Prices 44620 GHS Million | 3.14 B USD 2Q/22
GDP per capita PPP 5624 USD 2021
GDP From Agriculture  8366 GHS Million | 0.589 B USD 2Q/22
GDP From Construction  3445 GHS Million | 0.242 B USD 2Q/22
GDP From Manufacturing  4665 GHS Million | 0.328 B USD 2Q/22
GDP From Mining  5355 GHS Million | 0.377 B USD 2Q/22
GDP From Public Administration  1932 GHS Million | 0.136 B USD 2Q/22
GDP From Services  16643 GHS Million | 1.171 B USD 2Q/22
GDP From Transport  2438 GHS Million | 0.172 B USD 2Q/22
GDP From Utilities  175 GHS Million | 0.012 B USD 2Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 81.8 % 2021
Government Budget Value -3583 GHS Million | -0.617 USD Billion Sep/19
Government Spending 45681 GHS Million | 3.215 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 -12.1 % 2021
Military Expenditure 298 USD Million | 0.298 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 144 index points Oct/22
Food Inflation 43.7 % Oct/22
Gasoline Prices 1.2 USD/Liter Nov/22
Inflation Rate YoY 40.4 % Oct/22
Producer Prices 1131 index points Aug/22
Inflation Rate Mom 2.7 % Oct/22
CPI Housing Utilities 179 Index Points Oct/22
CPI Transportation 154 Index Points Oct/22
Producer Prices Change  65.2 % Oct/22


Trade Indicators

Indicator Data Period
Current Account to GDP -2.1 % 2021
Balance of Trade 131 USD Million | 0.131 USD Billion Jun/22
Capital Flows -1288 USD Million | -1.288 USD Billion 2Q/22
Current Account -1094 USD Million | -1.094 USD Billion 2Q/22
Exports 1585 USD Million | 1.585 USD Billion Jun/22
External Debt 28100 USD Million | 28.1 B USD 2Q/22
Foreign Exchange Reserves 7680 USD Million | 7.68 USD Billion Jun/22
Imports 1454 USD Million | 1.454 USD Billion Jun/22


Money Indicators

Indicator Data Period
Bank Lending Rate 34.5 % May/18
Gold Reserves 8.74 Tonnes 3Q/22
Interest Rate 27 % Nov/22
Central Bank Balance Sheet 154839 GHS Million | 10.897 B USD Jun/22


Labor Indicators

Indicator Data Period
Unemployment Rate 4.7 % 2021
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 % 2022
Personal Income Tax Rate 30 % 2022
Sales Tax Rate 12.5 % 2022


Production Indicators

Indicator Data Period
Crude Oil Production 175 BBL/D/1K Jun/22


Business Indicators

Indicator Data Period
Corruption Index 43 index points 2021
Corruption Rank 73 place 2021
Ease of Doing Business 118 place 2019
Competitiveness Index 51.2 Index Points 2019
Competitiveness Rank 111 2019
Composite PMI 44 Index Points Oct/22
Leading Economic Index  -1.2 % Sep/22


Consumer Indicators

Indicator Data Period
Household Spending 17.1 % 2021