Markets Actual Q2 Q3 Q4 Q1 2020
Currency 5.37 5.49 5.59 5.7 5.8 6.01
Stock Market (points) 2350.48 2400 2376 2352 2329 2282
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.60 1.5 1.6 1.8 1.4 1.5
GDP Annual Growth Rate (%) 6.70 7.3 8 8.5 8.3 6.4
Unemployment Rate (%) 2.40 2 2 2 2 2
Inflation Rate (%) 9.40 9.1 8.3 8 7.7 7.3
Interest Rate (%) 16.00 15 15 14.75 14.75 14.5
Balance of Trade (USD Million) 331.27 -30 150 70 200 250
Current Account to GDP (%) -4.20 -3.8 -3.8 -3.8 -3.7 -3.7
Government Debt to GDP (%) 70.50 70 70 70 68 68
Government Budget (% of GDP) -3.80 -4.2 -4.2 -4.2 -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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.60 1.5 1.6 1.8 1.4 1.5
GDP Annual Growth Rate (%) 6.70 7.3 8 8.5 8.3 6.4
GDP (USD Billion) 47.33 56 56 56 60 60
GDP Constant Prices (GHS Million) 39268.40 40002 40914 41921 41844 44604
Gross Fixed Capital Formation (GHS Million) 42612.66 36158 36326 46235 46150 49194
GDP per capita (USD) 1813.80 1998 1998 1998 2086 2086
GDP per capita PPP (USD) 4227.60 4120 4570 4120 4250 4250
GDP From Agriculture (GHS Million) 7845.50 6716 7761 9465 9448 10071
GDP From Construction (GHS Million) 3044.00 3498 3862 3443 3437 3663
GDP From Manufacturing (GHS Million) 4869.60 4812 5099 4575 4566 4867
GDP From Mining (GHS Million) 6949.00 6812 7352 6337 6325 6742
GDP From Services (GHS Million) 15238.70 15722 15174 15528 15500 16522
GDP From Transport (GHS Million) 2428.20 2355 2085 2118 2114 2253
GDP From Utilities (GHS Million) 175.80 198 199 199 198 211
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 2.40 2 2 2 2 2
Population (Million) 28.80 30 30 29.39 29.98 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 Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 9.40 9.1 8.3 8 7.7 7.3
Consumer Price Index CPI (Index Points) 238.60 240 239 245 252 263
Producer Prices (Index Points) 628.20 635 629 620 637 635
Food Inflation (%) 6.70 7 6.9 6.8 6.6 6.8
Inflation Rate Mom (%) 0.90 0.84 0.95 0.8 1 0.7
Producer Prices Change (%) 6.70 6.5 4.8 3.4 3 2.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 16.00 15 15 14.75 14.75 14.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 331.27 -30 150 70 200 250
Current Account to GDP (%) -4.20 -3.8 -3.8 -3.8 -3.7 -3.7
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 70.50 70 70 70 68 68
Government Budget (% of GDP) -3.80 -4.2 -4.2 -4.2 -4 -4
Government Spending (GHS Million) 27096.76 8228 8266 29400 29346 31282
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Composite Pmi 50.60 52 53.9 54 52.8 53
Consumer Actual Q2 Q3 Q4 Q1 2020
Gasoline Prices (USD/Liter) 1.00 0.78 0.76 0.75 0.73 0.73


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.