Latest economic figures for Ghana – March 2020

  1. GDP growth rate was 5.7% as at Q2 2019.
  2. Inflation as at February 2020 was 7.8%.
  3. Monetary policy rate is 14.5%.
  4. Interbank lending rate was 15.86% as at February 2020.
  5. Average lending rate was 23.37% as at February 2020.
  6. Total Exports for 2020 (up to February) was US$2.76 billion. Gold Exports US$986 million (36%). Cocoa Exports US$670 million (24%). Oil Exports US$682 million (25%).
  7. Total Imports for 2020 (up to February) was US$1.98 billion. Oil imports is US$341 million (17%).
  8. Trade surplus for for 2020 (up to February) was US$780 million (3.4% of GDP).
  9. Current account deficit for 2019 was US$1.8 billion (2.8% of GDP).
  10. Budget deficit (on cash basis) was 4.8% of GDP for 2019.
  11. External debt as at December 2019 was GH¢112.5bn (32.5% of GDP).
  12. Domestic debt as at December 2019 was GH¢105.5bn (30.5% of GDP).
  13. Total Public debt as at December 2019 was GH¢218bn (63% of GDP).
  14. Non-Performing loans (of banks) as at January 2020 was 13.6%.
  15. Active mobile money accounts were 14.7 million as at February 2020.
  16. Market capitalisation of the GSE was GH¢56.5 billion as at February 2020.

Data Source: Bank of Ghana

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