Markets Actual Q2 Q3 Q4 Q1 2022
Currency 5.74 5.84 5.95 6.06 6.16 6.38
Stock Market (points) 2696.30 2281 1916 1609 1352 837

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.80 1.4 1.6 1.4 1.3 1.6
GDP Annual Growth Rate (%) 3.30 3.8 4 4.5 5.1 6
Unemployment Rate (%) 6.80 7.1 7.1 7.1 6.9 6.9
Inflation Rate (%) 10.30 9 8.2 7.3 6.5 7
Interest Rate (%) 14.50 14.5 12 12 12 12
Balance of Trade (USD Million) 164.80 40 -30 520 100 -50
Current Account (USD Million) -897.40 -750 -720 -300 -150 -500
Current Account to GDP (%) -2.80 -3.2 -3.2 -3.2 -3 -3
Government Debt to GDP (%) 62.80 75 75 75 75 74
Government Budget (% of GDP) -13.80 -8 -8 -8 -6 -6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.80 1.4 1.6 1.4 1.3 1.6
GDP Annual Growth Rate (%) 3.30 3.8 4 4.5 5.1 6
GDP (USD Billion) 66.98 58 58 58 58 64
GDP Constant Prices (GHS Million) 41498.20 42886 42851 43057 43305 45641
Gross Fixed Capital Formation (GHS Million) 69219.66 71047 71184 71526 71937 75818
GDP per capita (USD) 1884.30 1800 1800 1800 1800 1950
GDP per capita PPP (USD) 5412.60 5100 5100 5100 5100 5400
GDP From Agriculture (GHS Million) 9602.80 6880 8600 8641 8691 9160
GDP From Construction (GHS Million) 3114.40 3220 3922 3940 3963 4177
GDP From Manufacturing (GHS Million) 4336.60 4290 5359 5385 5415 5708
GDP From Mining (GHS Million) 6162.40 7104 6407 6437 6474 6824
GDP From Services (GHS Million) 17515.30 15798 15326 15400 15488 16324
GDP From Transport (GHS Million) 2269.00 2385 2250 2261 2274 2396
GDP From Utilities (GHS Million) 190.10 194 201 202 203 214

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.80 7.1 7.1 7.1 6.9 6.9
Population (Million) 30.96 31.8 31.8 31.72 31.72 32.37

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 10.30 9 8.2 7.3 6.5 7
Consumer Price Index CPI (points) 124.70 131 130 130 132 140
Producer Prices (points) 749.20 739 755 652 784 841
Food Inflation (%) 10.80 10 8.5 8 7.5 7
Cpi Housing Utilities (points) 151.11 146 146 147 153 158
Cpi Transportation (points) 126.34 124 124 126 126 126
Producer Prices Change (%) 13.00 8 8.5 8.2 7.4 7.2
Inflation Rate Mom (%) 0.90 1 0.4 0.6 0.3 0.5

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 14.50 14.5 12 12 12 12
Banks Balance Sheet (GHS Million) 152548.94 155000 154000 153500 148000 144000
Foreign Exchange Reserves (USD Million) 8624.38 8900 9100 9300 8950 9400
Central Bank Balance Sheet (GHS Million) 115665.82 104000 100000 102000 99800 96000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 164.80 40 -30 520 100 -50
Current Account (USD Million) -897.40 -750 -720 -300 -150 -500
Current Account to GDP (%) -2.80 -3.2 -3.2 -3.2 -3 -3
Imports (USD Million) 1050.60 1350 1450 1300 1450 1500
Exports (USD Million) 1215.40 1320 1250 1400 1350 1450
Capital Flows (USD Million) 1274.70 1500 700 1450 1200 2300
Gold Reserves (Tonnes) 8.74 8.76 8.76 8.76 8.76 8.76
External Debt (USD Million) 24700.00 21400 20600 21000 22300 23000
Oil Exports (USD Million) 237.90 250 360 300 300 400

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 62.80 75 75 75 75 74
Government Budget (% of GDP) -13.80 -8 -8 -8 -6 -6
Military Expenditure (USD Million) 244.00 230 230 215 215 215
Government Spending (GHS Million) 30702.33 32216 32278 32433 32619 34379

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

Business Actual Q2 Q3 Q4 Q1 2022
Composite PMI (points) 52.40 52 53 52 51.7 53
Leading Economic Index (%) 13.90 3.5 6 8 6 5

Consumer Actual Q2 Q3 Q4 Q1 2022
Household Spending (%) 11.50 23 23 26 26 26
Gasoline Prices (USD/Liter) 0.94 0.85 0.8 0.69 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.