Latest economic figures for Ghana – January 2022

  1. Provisional GDP growth rate for Q3 2021 is 6.6%.
  2. Inflation for 2021 was 12.6%.
  3. Monetary policy rate is 14.5%.
  4. Interbank lending rate was 12.68% as at December 2021.
  5. Average lending rate was 20.04% as at December 2021.
  6. Total Exports for 2021 was US$14.74 billion. Gold Exports US$5.08 billion (34.5%). Cocoa Exports US$2.85 billion (19.3%). Oil Exports US$3.95 billion (26.8%).
  7. Total Imports for 2021 was US$13.63 billion. Oil imports was US$2.72 billion (18.89%).
  8. Trade surplus for 2021 was US$1.12 billion (1.5% of GDP).
  9. Current account deficit for 2021 was US$2.5 billion (3.3% of GDP).
  10. Budget deficit for 2021 was 9.7% of GDP.
  11. External debt as at November 2021 was US$27.9 billion (GH¢165.1bn) (37.6% of GDP).
  12. Domestic debt as at November 2021 was GH¢179.4bn (40.8% of GDP).
  13. Total Public debt as at November 2021 was GH¢344.5bn (78.4% of GDP).
  14. Non-Performing loans (of banks) as at December 2021 was 15.2%.
  15. Active mobile money accounts were 17.9 million as at December 2021.
  16. Market capitalisation of the GSE was GH¢64.5 billion as at December 2021.
  17. Gross International reserves are GH¢9.7 billion as at December 2021 (4.4 months of import cover).

Data Sources: Bank of Ghana, GSE, GSS

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