Latest Economic Figures for Ghana – November 2022

  1. Provisional GDP growth rate for first half of 2022 is 4.8%.
  2. Inflation for October 2022 was 40.4%.
  3. Monetary policy rate is 24.5%.
  4. Interbank lending rate was 23.98% as at October 2022.
  5. Average lending rate was 31.40% as at October 2022.
  6. Total Exports as at October 2022 was US$14.3 billion. Gold Exports US$5.3 billion (37%). Cocoa Exports US$1.8 billion (12%). Oil Exports US$4.6 billion (32%).
  7. Total Imports as at October 2022 was US$12.5 billion. Oil imports was US$3.95 billion (31.7%).
  8. Trade surplus as at October 2022 was US$1.88 billion (2.8% of GDP).
  9. Current account deficit as at September 2022 was US$1.8 billion (2.8% of GDP).
  10. Overall Balance of Payments deficit as at September 2022 was US$3.4bn (5.1% of GDP).
  11. Budget deficit as at September 2022 was 8.4% of GDP.
  12. External debt as at September 2022 was US$28.4 billion (GH¢271.7bn) (44.1% of GDP).
  13. Domestic debt as at September 2022 was GH¢195.7bn (31.8% of GDP).
  14. Total Public debt as at September 2022 was GH¢467.4bn (75.9% of GDP).
  15. Non-Performing loans (of banks) as at October 2022 was 14%.
  16. Active mobile money accounts were 20.2 million as at October 2022.
  17. Market capitalisation of the GSE was GH¢64.7 billion as at October 2022.
  18. Gross International reserves are US$6.68 billion as at October 2022 (2.9 months of import cover).
  19. Net International reserves are US$2.85 billion as at October 2022.
  20. Balance on the Petroleum Holding Funds (Stabilisation Fund & Heritage Fund) is $995.5 million.
  21. Nominal GDP is GH¢615.8 billion.

Data Sources: Bank of Ghana, GSE, GSS

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