Markets Actual Q3 Q4 Q1 Q2 2020
Currency 5.51 5.5 5.6 5.71 5.82 6.03
Stock Market (points) 2236.67 2282 2261 2240 2218 2177
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.60 1.6 1.8 1.4 1.4 1.5
GDP Annual Growth Rate (%) 6.70 7.3 8.2 8 7.8 7.6
Unemployment Rate (%) 2.40 2 2 2.1 2.1 2.1
Inflation Rate (%) 9.40 9.2 8 7.7 7.5 7.3
Interest Rate (%) 16.00 16 16 16 16 15
Balance of Trade (USD Million) 504.46 150 70 200 260 250
Current Account to GDP (%) -4.40 -4.2 -4.2 -4 -4 -4
Government Debt to GDP (%) 70.50 70 70 68 68 68
Government Budget (% of GDP) -3.80 -4.2 -4.2 -4 -4 -4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.60 1.6 1.8 1.4 1.4 1.5
GDP Annual Growth Rate (%) 6.70 7.3 8.2 8 7.8 7.6
GDP (USD Billion) 65.56 66 66 58 58 58
GDP Constant Prices (GHS Million) 39268.40 39527 41275 40591 42410 43628
Gross Fixed Capital Formation (GHS Million) 42612.66 34825 36208 36040 46022 38236
GDP per capita (USD) 1807.10 1915 1915 1970 1970 1970
GDP per capita PPP (USD) 4211.85 4120 4120 4250 4250 4250
GDP From Agriculture (GHS Million) 7845.50 7441 7736 7700 8473 8169
GDP From Construction (GHS Million) 3044.00 3702 3849 3831 3288 4065
GDP From Manufacturing (GHS Million) 4869.60 4888 5082 5059 5259 5367
GDP From Mining (GHS Million) 6949.00 7048 7328 7294 7505 7738
GDP From Services (GHS Million) 15238.70 14546 15124 15054 16458 15971
GDP From Transport (GHS Million) 2428.20 1998 2078 2068 2622 2194
GDP From Utilities (GHS Million) 175.80 191 199 198 190 210
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.40 2 2 2.1 2.1 2.1
Population (Million) 29.77 30.5 30.5 31.2 31.2 31.2
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 Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 9.40 9.2 8 7.7 7.5 7.3
Consumer Price Index CPI (Index Points) 242.00 241 245 252 259 263
Producer Prices (Index Points) 650.30 640 627 651 683 658
Food Inflation (%) 6.60 6.9 6.8 6.6 6.4 6.8
Inflation Rate Mom (%) 0.60 1 1 0.8 0.7 0.8
Producer Prices Change (%) 8.80 6.7 4.6 5.4 7 5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 16.00 16 16 16 16 15
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 504.46 150 70 200 260 250
Current Account to GDP (%) -4.40 -4.2 -4.2 -4 -4 -4
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 70.50 70 70 68 68 68
Government Budget (% of GDP) -3.80 -4.2 -4.2 -4 -4 -4
Government Spending (GHS Million) 27096.76 7924 8239 8201 29265 8701
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Composite Pmi 50.70 51.2 53 52 51.5 52
Consumer Actual Q3 Q4 Q1 Q2 2020
Gasoline Prices (USD/Liter) 0.95 0.92 0.9 0.87 0.85 0.85


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.