Markets Actual Q1 Q2 Q3 Q4 2020
Currency 5.57 5.8 5.9 6.01 6.11 6.33
Stock Market (points) 2250.60 2276 2256 2237 2217 2180
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.40 1.4 1.6 1.3 1.5 1.6
GDP Annual Growth Rate (%) 5.60 6.5 6.7 6.6 6.8 6.5
Unemployment Rate (%) 6.70 6.6 6.6 6.6 6.6 6.5
Inflation Rate (%) 7.90 7.6 8.1 7.8 7.8 8
Interest Rate (%) 16.00 15 15 15 15 14
Balance of Trade (USD Million) 122.80 350 450 330 250 400
Current Account (USD Million) -829.50 260 180 -650 -700 -560
Current Account to GDP (%) -4.40 -4.2 -4.2 -4.2 -4.2 -3.8
Government Debt to GDP (%) 59.30 62.8 62.8 62.8 62.8 62.4
Government Budget (% of GDP) -3.80 -4.7 -4.7 -4.7 -4.7 -4.5
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 (%) 1.40 1.4 1.6 1.3 1.5 1.6
GDP Annual Growth Rate (%) 5.60 6.5 6.7 6.6 6.8 6.5
GDP (USD Billion) 65.56 70 70 70 70 66
GDP Constant Prices (GHS Million) 40358.30 40545 41139 41690 43103 45904
Gross Fixed Capital Formation (GHS Million) 42612.66 43998 44040 44019 45510 48468
GDP per capita (USD) 1807.10 1970 1970 1970 1970 2050
GDP per capita PPP (USD) 4211.85 4250 4250 4250 4250 4250
GDP From Agriculture (GHS Million) 7638.80 8100 6681 7891 8158 8689
GDP From Construction (GHS Million) 3639.30 3143 3094 3759 3887 4139
GDP From Manufacturing (GHS Million) 4953.40 5028 4985 5117 5290 5634
GDP From Mining (GHS Million) 7410.50 7175 7490 7655 7914 8429
GDP From Services (GHS Million) 14894.40 15734 16150 15386 15907 16941
GDP From Transport (GHS Million) 2036.00 2507 2356 2103 2174 2316
GDP From Utilities (GHS Million) 182.70 182 176 189 195 208
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.70 6.6 6.6 6.6 6.6 6.5
Population (Million) 29.77 31.2 31.2 31.2 31.07 31.72
Living Wage Family (GHS/Month) 1720.00 1800 1800 1800 1850 1850
Living Wage Individual (GHS/Month) 900.00 660 660 660 680 680
Wages High Skilled (GHS/Month) 2030.00 2000 2000 2000 2200 2350
Wages Low Skilled (GHS/Month) 870.00 800 800 800 700 750
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 7.90 7.6 8.1 7.8 7.8 8
Consumer Price Index CPI (points) 110.00 252 260 117 118 128
Producer Prices (points) 677.10 664 685 707 723 781
Food Inflation (%) 7.20 7.7 6.8 6.6 6.6 7
Producer Prices Change (%) 13.00 7.4 7.3 8 8.5 8
Inflation Rate Mom (%) 0.30 0.8 0.7 0.6 0.7 0.9
Cpi Housing Utilities (points) 114.46 358 368 121 121 131
Cpi Transportation (points) 117.64 122 122 124 124 126
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 16.00 15 15 15 15 14
Banks Balance Sheet (GHS Million) 118912.87 112000 105000 120000 122000 124500
Foreign Exchange Reserves (USD Million) 7965.72 7180 7600 7600 7350 7400
Central Bank Balance Sheet (GHS Million) 85873.08 93000 64300 76400 78600 82000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 122.80 350 450 330 250 400
Current Account (USD Million) -829.50 260 180 -650 -700 -560
Current Account to GDP (%) -4.40 -4.2 -4.2 -4.2 -4.2 -3.8
Imports (USD Million) 1185.60 990 1000 970 1150 1200
Exports (USD Million) 1308.40 1340 1450 1300 1400 1600
Capital Flows (USD Million) 1514.20 2300 170 170 2200 1750
External Debt (USD Million) 20100.00 19680 20333 19700 19700 20834
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 59.30 62.8 62.8 62.8 62.8 62.4
Government Budget (% of GDP) -3.80 -4.7 -4.7 -4.7 -4.7 -4.5
Government Revenues (GHS Million) 4458.67 3400 4380 4380 6600 5900
Military Expenditure (USD Million) 211.00 230 230 230 230 215
Government Spending (GHS Million) 27096.76 27977 28005 27991 28939 30820
Government Budget Value (GHS Million) -3582.69 -650 -400 -400 1400 800
Fiscal Expenditure (GHS Million) 6242.46 4050 4780 4780 5200 5100
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
Leading Economic Index (%) 4.40 3.7 3.4 3.6 3.8 4
Composite Pmi (points) 52.70 51.5 51.2 51.3 52 53
Consumer Actual Q1 Q2 Q3 Q4 2020
Household Spending (%) 20.10 23 23 23 23 26
Gasoline Prices (USD/Liter) 0.95 1.04 1.07 1.1 1.12 1.12


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.