Latest economic figures for Ghana – March 2022

  1. Provisional GDP growth rate for Q3 2021 is 6.6%.
  2. Inflation for February 2022 was 15.7%.
  3. Monetary policy rate is 17%.
  4. Interbank lending rate was 12.96% as at February 2022.
  5. Average lending rate was 20.52% as at February 2022.
  6. Total Exports as at February 2022 was US$2.74 billion. Gold Exports US$885 million (32%). Cocoa Exports US$597 million (21.8%). Oil Exports US$688.8 million (25%).
  7. Total Imports as at February 2022 was US$2.33 billion. Oil imports was US$609.7 million (26.1%).
  8. Trade surplus as at February 2022 was US$404.9 million (0.5% of GDP).
  9. Current account deficit for 2021 was US$2.5 billion (3.3% of GDP).
  10. Budget deficit for 2021 was 12.1% of GDP.
  11. External debt as at December 2021 was US$28.3 billion (GH¢170bn) (38.7% of GDP).
  12. Domestic debt as at December 2021 was GH¢181.8bn (41.4% of GDP).
  13. Total Public debt as at December 2021 was GH¢351.8bn (80.1% of GDP).
  14. Non-Performing loans (of banks) as at February 2022 was 14.4%.
  15. Active mobile money accounts were 17.4 million as at January 2022.
  16. Market capitalisation of the GSE was GH¢62.9 billion as at February 2022.
  17. Gross International reserves are GH¢9.55 billion as at February 2022 (4.3 months of import cover).

Data Sources: Bank of Ghana, GSE, GSS

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