Markets Actual Q1 Q2 Q3 Q4 2022
Currency 5.78 5.88 5.99 6.1 6.21 6.43
Stock Market (points) 2024.13 1682 1413 1187 997 617

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -0.30 1 0.7 0.4 1.3 1.8
GDP Annual Growth Rate (%) -1.10 2 3.5 4.7 5.4 6
Unemployment Rate (%) 6.80 7.1 7.1 7.1 7.1 6.9
Inflation Rate (%) 10.40 8.6 8.3 7.4 7.3 7
Interest Rate (%) 14.50 14.5 14.5 12 12 12
Balance of Trade (USD Million) 198.00 200 40 -30 520 100
Current Account (USD Million) -709.30 230 -750 -720 -300 -500
Current Account to GDP (%) -2.80 -3.2 -3.2 -3.2 -3.2 -3
Government Debt to GDP (%) 62.80 75 75 75 75 74
Government Budget (% of GDP) -4.80 -6.3 -6.3 -6.3 -6.3 -4.3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -0.30 1 0.7 0.4 1.3 1.8
GDP Annual Growth Rate (%) -1.10 2 3.5 4.7 5.4 6
GDP (USD Billion) 66.98 58 58 58 58 64
GDP Constant Prices (GHS Million) 41203.30 42470 42762 43140 45983 46034
Gross Fixed Capital Formation (GHS Million) 68445.98 69815 70842 71663 40301 76471
GDP per capita (USD) 1884.30 1800 1800 1800 1800 1950
GDP per capita PPP (USD) 5412.60 5100 5100 5100 5100 5400
GDP From Agriculture (GHS Million) 8269.30 8224 6861 8658 8610 9239
GDP From Construction (GHS Million) 3770.70 2889 3210 3948 4284 4213
GDP From Manufacturing (GHS Million) 5152.70 5214 4277 5395 5657 5757
GDP From Mining (GHS Million) 6160.10 7185 7084 6450 8156 6882
GDP From Services (GHS Million) 14736.70 17026 15752 15429 16834 16464
GDP From Transport (GHS Million) 2163.30 2524 2378 2265 2313 2417
GDP From Utilities (GHS Million) 193.00 198 194 202 221 216

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.80 7.1 7.1 7.1 7.1 6.9
Population (Million) 30.28 31.8 31.8 31.8 31.72 32.37

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 10.40 8.6 8.3 7.4 7.3 7
Consumer Price Index CPI (points) 121.52 120 123 130 281 129
Producer Prices (points) 724.90 714 755 779 784 845
Food Inflation (%) 14.10 9 8.3 7.5 8 8
Producer Prices Change (%) 7.00 7.6 8 8.5 8.2 7.7
Inflation Rate Mom (%) 0.90 0.6 1 0.4 0.6 0.8
Cpi Housing Utilities (points) 137.43 125 127 145 409 134
Cpi Transportation (points) 123.30 124 124 124 126 126

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 14.50 14.5 14.5 12 12 12
Banks Balance Sheet (GHS Million) 149205.46 152000 155000 157000 153500 156000
Foreign Exchange Reserves (USD Million) 8469.17 9300 9200 8900 9200 8650
Central Bank Balance Sheet (GHS Million) 111006.63 102000 104000 100000 102000 96000

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 198.00 200 40 -30 520 100
Current Account (USD Million) -709.30 230 -750 -720 -300 -500
Current Account to GDP (%) -2.80 -3.2 -3.2 -3.2 -3.2 -3
Imports (USD Million) 972.30 1200 1350 1450 1300 1500
Exports (USD Million) 1211.70 1240 1320 1250 1400 1450
Capital Flows (USD Million) -112.00 -500 2000 1700 1450 2700
Gold Reserves (Tonnes) 8.74 8.76 8.76 8.76 8.76 8.76
Oil Exports (USD Million) 201.70 200 250 360 300 400
External Debt (USD Million) 24300.00 22000 21400 20600 21000 23000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 62.80 75 75 75 75 74
Government Budget (% of GDP) -4.80 -6.3 -6.3 -6.3 -6.3 -4.3
Military Expenditure (USD Million) 211.00 230 230 230 215 215
Government Spending (GHS Million) 31036.46 31657 32123 32495 9171 34675

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.50 12 12.5 12.5 12 12

Business Actual Q1 Q2 Q3 Q4 2022
Leading Economic Index (%) 10.50 3 3.5 6 4.3 5
Composite PMI (points) 50.30 51.6 52 53 52 53

Consumer Actual Q1 Q2 Q3 Q4 2022
Household Spending (%) 11.50 23 23 23 26 26
Gasoline Prices (USD/Liter) 0.89 0.73 0.81 0.77 0.69 0.69


This page has economic forecasts for Ghana including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ghana economy.