Markets Actual Q3 Q4 Q1 Q2 2022
Currency 5.93 5.87 5.9 5.92 5.95 6
Stock Market (points) 2648.47 2589 2529 2471 2413 2302

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.80 1.6 1.4 1.3 1.2 1.3
GDP Annual Growth Rate (%) 3.10 2.8 2 1.8 2.2 2.4
Unemployment Rate (%) 4.50 4.7 4.7 4.5 4.5 4.5
Inflation Rate (%) 7.80 7.6 7.3 6.5 6.3 6
Interest Rate (%) 13.50 13.5 12.5 12.5 12 12
Balance of Trade (USD Million) 138.10 150 520 430 250 350
Current Account (USD Million) -370.85 -720 -300 -150 -400 -500
Current Account to GDP (% of GDP) -2.50 -2.3 -2.3 -3.2 -3.2 -3.2
Government Debt to GDP (% of GDP) 78.00 82 82 83 83 83
Government Budget (% of GDP) -13.80 -9 -9 -7 -7 -7
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 25 25 25 25 25

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.80 1.6 1.4 1.3 1.2 1.3
GDP Annual Growth Rate (%) 3.10 2.8 2 1.8 2.2 2.4
GDP (USD Billion) 72.35 58 58 58 58 64
GDP Constant Prices (GHS Million) 41842.80 43795 45983 42328 42245 43344
Gross Fixed Capital Formation (GHS Million) 69219.66 72553 40301 70604 70466 72299
GDP per capita (USD) 1848.25 1800 1800 1800 1800 1950
GDP per capita PPP (USD) 5304.98 5100 5100 5100 5100 5400
GDP From Agriculture (GHS Million) 9554.50 7026 8610 9795 9776 10030
GDP From Construction (GHS Million) 3558.70 3288 4284 3177 3170 3253
GDP From Manufacturing (GHS Million) 6772.80 4381 5657 4423 4415 4529
GDP From Mining (GHS Million) 5018.50 7255 8156 6286 6273 6437
GDP From Services (GHS Million) 18253.10 16133 16834 17866 17831 18294
GDP From Transport (GHS Million) 2443.50 2436 2313 2314 2310 2370
GDP From Utilities (GHS Million) 195.80 199 221 194 194 199

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.50 4.7 4.7 4.5 4.5 4.5
Population (Million) 30.96 31.8 31.72 31.72 31.72 32.37

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 7.80 7.6 7.3 6.5 6.3 6
Consumer Price Index CPI (points) 129.20 129 130 133 137 138
Producer Prices (points) 769.70 805 802 821 839 875
Food Inflation (%) 7.30 6 5 6 5.7 5
Producer Prices Change (%) 10.10 12 10.7 9.6 9 9
Inflation Rate Mom (%) 1.30 0.4 0.6 0.3 0.4 0.5
Cpi Housing Utilities (points) 152.84 145 409 147 161 156
Cpi Transportation (points) 129.10 124 126 126 126 126

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 13.50 13.5 12.5 12.5 12 12
Banks Balance Sheet (GHS Million) 159568.04 154000 153500 148000 150000 144000
Foreign Exchange Reserves (USD Million) 10990.25 9100 9300 8950 9050 9100
Central Bank Balance Sheet (GHS Million) 142658.53 118000 122000 116000 118000 120000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 138.10 150 520 430 250 350
Current Account (USD Million) -370.85 -720 -300 -150 -400 -500
Current Account to GDP (% of GDP) -2.50 -2.3 -2.3 -3.2 -3.2 -3.2
Imports (USD Million) 1083.06 1050 970 1100 1080 1100
Exports (USD Million) 1185.70 1320 1400 1350 1420 1450
Capital Flows (USD Million) 16.75 160 200 -400 500 400
Gold Reserves (Tonnes) 8.74 8.76 8.76 8.76 8.76 8.76
Oil Exports (USD Million) 313.30 360 300 300 300 400
External Debt (USD Million) 24600.00 26100 26000 23300 24000 25700

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 78.00 82 82 83 83 83
Government Budget (% of GDP) -13.80 -9 -9 -7 -7 -7
Military Expenditure (USD Million) 237.00 230 215 215 215 215
Government Spending (GHS Million) 30702.33 32899 9171 31316 31255 32068

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 25 25 25 25 25
Sales Tax Rate (%) 13.50 13.5 12 12 13.5 13.5

Business Actual Q3 Q4 Q1 Q2 2022
Leading Economic Index (%) 26.80 6 3 4.5 5 5
Composite PMI (points) 51.00 53 52 51.7 52.2 53

Consumer Actual Q3 Q4 Q1 Q2 2022
Household Spending (%) 29.30 23 23 23 26 26
Gasoline Prices (USD/Liter) 1.04 0.99 0.94 0.89 0.85 0.8


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.