Latest economic figures for Ghana – September 2018

  1. GDP growth rate was 6.8% as at March 2018.
  2. Inflation as at August 2018 was 9.9%.
  3. Monetary policy rate is 17%.
  4. Interbank lending rate was 16.23% as at August 2018.
  5. Average lending rate was 27% as at August 2018.
  6. Total Exports as at August 2018 is US$10.1bn. Gold Exports US$3.86bn (38%). Cocoa Exports US$1.46bn (14%). Oil Exports US$2.92bn (29%).
  7. Total Imports as at August 2018 was US$8.7bn. Oil imports is US$1.6bn (19%)
  8. Trade surplus as at August 2018 US$1.4bn (2.7% of GDP).
  9.  Current account deficit as at June 2018 was US$301 million (0.6% of GDP)
  10. Budget deficit (on cash basis) is 2.8% of GDP as at June 2018.
  11. External debt as at July 2018 was GH¢85.5bn (35.4% of GDP).
  12. Domestic debt as at July 2018 was GH¢73.1bn (30.2% of GDP).
  13. Total Public debt as at July 2018 was GH¢159.4bn (65.9% of GDP).
  14. Non-Performing loans (of banks) as at August 2018 was 21.3%.

Source: Bank of Ghana

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