Markets Actual Q1 Q2 Q3 Q4 2020
Currency 5.09 5.01 5.07 5.13 5.19 5.32
Stock Market (points) 2428.37 2409 2387 2365 2343 2300
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.80 1.5 1.5 1.5 1.5 1.5
GDP Annual Growth Rate (%) 7.40 7 7.1 6.4 7.3 5.6
Unemployment Rate (%) 2.40 2 2 2 2 2
Inflation Rate (%) 9.00 8.8 8.5 8.3 7.9 7
Interest Rate (%) 16.00 16 15 15 14.75 13
Balance of Trade (USD Million) 52.74 163 159 161 -1184 -1209
Current Account to GDP (%) -4.20 -4.5 -4.5 -4.5 -4.5 -4.3
Government Debt to GDP (%) 70.50 68 68 68 68 65
Government Budget (% of GDP) -4.50 -5 -5 -5 -5 -5.5
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 2020
GDP Growth Rate (%) 1.80 1.5 1.5 1.5 1.5 1.5
GDP Annual Growth Rate (%) 7.40 7 7.1 6.4 7.3 5.6
GDP (USD Billion) 47.33 56 56 56 56 60
GDP Constant Prices (GHS Million) 38006.30 38139 38658 39223 40781 43064
Gross Fixed Capital Formation (GHS Million) 33744.92 34926 34943 34825 36208 38236
GDP per capita (USD) 1813.80 1998 1998 1998 1998 2086
GDP per capita PPP (USD) 4227.60 4120 4120 4570 4120 4250
GDP From Agriculture (GHS Million) 7209.81 7945 6490 7441 7736 8169
GDP From Construction (GHS Million) 3587.37 3568 3496 3817 3849 4065
GDP From Manufacturing (GHS Million) 4736.59 4772 4650 4888 5082 5367
GDP From Mining (GHS Million) 6829.13 6151 6809 7266 7328 7738
GDP From Services (GHS Million) 14095.43 14712 15194 14546 15124 15971
GDP From Transport (GHS Million) 1936.45 2438 2276 1998 2078 2194
GDP From Utilities (GHS Million) 185.15 194 191 191 199 210
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.40 2 2 2 2 2
Population (Million) 28.80 30 30 30 29.39 29.98
Living Wage Family (GHS/Month) 1720.00 1800 1800 1800 1800 1850
Living Wage Individual (GHS/Month) 900.00 660 660 660 660 680
Wages High Skilled (GHS/Month) 2030.00 2000 2000 2000 2000 2200
Wages Low Skilled (GHS/Month) 870.00 800 800 800 800 700
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 9.00 8.8 8.5 8.3 7.9 7
Consumer Price Index CPI (Index Points) 229.00 233 239 239 242 259
Producer Prices (Index Points) 599.30 624 641 645 655 681
Food Inflation (%) 8.00 7.2 7 6.9 6.8 6.8
Producer Prices Change (%) 3.40 7.8 7.6 7.5 7.3 4
Inflation Rate Mom (%) 1.00 1.15 0.84 0.95 0.8 0.7
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 16.00 16 15 15 14.75 13
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 52.74 163 159 161 -1184 -1209
Current Account to GDP (%) -4.20 -4.5 -4.5 -4.5 -4.5 -4.3
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 70.50 68 68 68 68 65
Government Budget (% of GDP) -4.50 -5 -5 -5 -5 -5.5
Government Spending (GHS Million) 7678.78 8216 8224 8170 8239 8701
Government Budget Value (GHS Million) -687.58 -744 -744 -744 -1024 -777
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.00 12 12 12 12 12
Business Actual Q1 Q2 Q3 Q4 2020
Composite Pmi 51.60 53.3 53.6 53.9 54 53
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.99 0.98 0.95 0.93 0.9 0.9
Bank Lending Rate (%) 34.50 34.5 34.5 33 33 33


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.