- GDP growth rate was 7.4% as at September 2018.
- Inflation as at December 2018 was 9.4%.
- Monetary policy rate is 16%.
- Interbank lending rate was 16.12% as at December 2018.
- Average lending rate was 26.86% as at December 2018.
- Total Exports for 2018 is US$14.9bn. Gold Exports US$5.46bn (36.6%). Cocoa Exports US$2.09bn (14%). Oil Exports US$4.57bn (30.7%).
- Total Imports for 2018 was US$13bn. Oil imports is US$2.5bn (19.4%).
- Trade surplus for 2018 is US$1.78bn (2.7% of GDP).
- Current account deficit for 2018 was US$2.07 billion (3.2% of GDP).
- Budget deficit (on cash basis) is 3% of GDP as at September 2018.
- External debt as at November 2018 was GH¢86.3bn (28.9% of GDP).
- Domestic debt as at November 2018 was GH¢86.5bn (29% of GDP).
- Total Public debt as at November 2018 was GH¢172.9bn (57.9% of GDP).
- Non-Performing loans (of banks) as at December 2018 was 18.2%.
Data Source: Bank of Ghana
Thanks, it’s very informative. Can you please tell me our GDP in dollars now?