Markets Actual Q4 Q1 Q2 Q3 2021
Currency 5.76 5.9 6.01 6.12 6.23 6.45
Stock Market (points) 1844.19 1551 1303 1094 919 569

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 1.20 0.7 0.6 1 1.4 1.3
GDP Annual Growth Rate (%) -3.20 2.1 2 3.5 4.7 5.4
Unemployment Rate (%) 6.80 7.3 7.1 7.1 7.1 7.1
Inflation Rate (%) 10.40 8.5 8.2 8 7.4 7.3
Interest Rate (%) 14.50 14.5 16 16 16 16
Balance of Trade (USD Million) 215.50 250 200 40 -30 520
Current Account (USD Million) -663.00 -1200 230 -750 -720 -300
Current Account to GDP (%) -2.80 -4.1 -3.2 -3.2 -3.2 -3.2
Government Debt to GDP (%) 59.30 63.8 63 63 63 63
Government Budget (% of GDP) -4.80 -7.3 -6.3 -6.3 -6.3 -6.3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 1.20 0.7 0.6 1 1.4 1.3
GDP Annual Growth Rate (%) -3.20 2.1 2 3.5 4.7 5.4
GDP (USD Billion) 66.98 50 58 58 58 58
GDP Constant Prices (GHS Million) 41316.24 43628 42004 42470 42762 45983
Gross Fixed Capital Formation (GHS Million) 68445.98 38236 69883 69815 70842 40301
GDP per capita (USD) 1884.30 1700 1800 1800 1800 1800
GDP per capita PPP (USD) 5412.60 4750 5100 5100 5100 5100
GDP From Agriculture (GHS Million) 6628.58 8169 9513 8224 6861 8610
GDP From Construction (GHS Million) 3101.80 4065 3156 2889 3210 4284
GDP From Manufacturing (GHS Million) 4132.79 5367 4644 5214 4277 5657
GDP From Mining (GHS Million) 6843.97 7738 6423 7185 7084 8156
GDP From Services (GHS Million) 15219.41 15971 16218 17026 15752 16834
GDP From Transport (GHS Million) 2297.69 2194 2108 2524 2378 2313
GDP From Utilities (GHS Million) 187.28 210 183 198 194 221

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 6.80 7.3 7.1 7.1 7.1 7.1
Population (Million) 30.28 31.07 31.8 31.8 31.8 31.72

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 10.40 8.5 8.2 8 7.4 7.3
Consumer Price Index CPI (points) 199.80 262 119 122 129 281
Producer Prices (points) 717.00 635 735 714 755 652
Food Inflation (%) 11.20 10.3 9 8.3 7.5 8
Producer Prices Change (%) 9.00 8.5 7.6 8 8.5 8.2
Inflation Rate Mom (%) -0.20 0.3 0.6 1 0.4 0.6
Cpi Housing Utilities (points) 134.75 382 124 127 145 409
Cpi Transportation (points) 122.53 124 124 124 124 126

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 14.50 14.5 16 16 16 16
Banks Balance Sheet (GHS Million) 141466.65 147000 152000 155000 157000 153500
Foreign Exchange Reserves (USD Million) 9171.36 8600 9300 9200 8900 9200
Central Bank Balance Sheet (GHS Million) 103923.57 104500 102000 104000 100000 102000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 215.50 250 200 40 -30 520
Current Account (USD Million) -663.00 -1200 230 -750 -720 -300
Current Account to GDP (%) -2.80 -4.1 -3.2 -3.2 -3.2 -3.2
Imports (USD Million) 900.92 1100 1200 1350 1450 1300
Exports (USD Million) 1178.10 1300 1240 1320 1250 1400
Capital Flows (USD Million) 437.30 850 -500 2000 1700 1450
Gold Reserves (Tonnes) 8.70 8.76 8.76 8.76 8.76 8.76
Oil Exports (USD Million) 299.00 285 200 250 360 300
External Debt (USD Million) 24000.00 20800 22000 21400 20600 21000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 59.30 63.8 63 63 63 63
Government Budget (% of GDP) -4.80 -7.3 -6.3 -6.3 -6.3 -6.3
Military Expenditure (USD Million) 211.00 230 230 230 230 215
Government Spending (GHS Million) 31036.46 8701 31688 31657 32123 9171

Taxes Actual Q4 Q1 Q2 Q3 2021
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 12.5 12

Business Actual Q4 Q1 Q2 Q3 2021
Leading Economic Index (%) 3.60 3.8 3 3.5 6 4.3
Composite Pmi (points) 51.40 50.4 51.6 52 53 52

Consumer Actual Q4 Q1 Q2 Q3 2021
Household Spending (%) 11.50 23 23 23 23 26
Gasoline Prices (USD/Liter) 0.90 0.73 0.81 0.77 0.73 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.