Markets Actual Q3 Q4 Q1 Q2 2023
Currency 8.82 8.71 8.92 9.14 9.36 9.82
Stock Market (points) 2389.79 2344 2292 2242 2192 2096

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 1.4 1.6 1.6 1.6 1.6
GDP Annual Growth Rate (%) 3.30 5.4 5.6 5.4 5.1 5.2
Unemployment Rate (%) 4.50 4.6 4.6 4.6 4.4 4.4
Inflation Rate (%) 31.70 26 22 17 14 10
Interest Rate (%) 19.00 19 20 20 17 17
Balance of Trade (USD Million) 131.10 120 90 320 320 220
Current Account (USD Million) -1094.00 -600 -300 400 400 -700
Current Account to GDP (% of GDP) -2.10 -2.6 -2.6 -3.8 -3.8 -3.8
Government Debt to GDP (% of GDP) 81.80 84.5 84.5 84.8 84.8 84.8
Government Budget (% of GDP) -12.10 -7.4 -7.4 -7.4 -7.4 -5
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 2023
GDP Growth Rate (%) 0.90 1.4 1.6 1.6 1.6 1.6
GDP Annual Growth Rate (%) 3.30 5.4 5.6 5.4 5.1 5.2
GDP (USD Billion) 77.59 72 72 64 64 64
GDP Constant Prices (GHS Million) 44140.30 44979 45307 46215 46524 48618
Gross Fixed Capital Formation (GHS Million) 77350.76 73373 72958 81682 81528 85930
GDP per capita (USD) 2084.64 1980 1980 1980 1980 2000
GDP per capita PPP (USD) 5623.81 5100 5400 5400 5400 5400
GDP From Agriculture (GHS Million) 10315.20 8482 8556 11077 10872 11653
GDP From Construction (GHS Million) 3301.52 3681 3483 3480 3470 3664
GDP From Manufacturing (GHS Million) 6357.80 5402 5608 6701 6682 5900
GDP From Mining (GHS Million) 5486.18 5514 6257 5782 5766 6582
GDP From Services (GHS Million) 18919.10 16772 18850 19922 19941 20958
GDP From Transport (GHS Million) 2633.97 2708 2607 2776 2768 2743
GDP From Utilities (GHS Million) 222.59 267 248 235 234 261

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 4.50 4.6 4.6 4.6 4.4 4.4
Population (Million) 30.96 31.72 32.37 32.37 32.37 32.37

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 31.70 26 22 17 14 10
Consumer Price Index CPI (points) 173.00 167 167 174 191 184
Producer Prices (points) 1062.20 1001 1014 1133 1211 1115
Food Inflation (%) 32.30 30 27 20 16 10
Inflation Rate Mom (%) 3.10 3.5 2.7 2.3 2 1.8
Producer Prices Change (%) 38.00 28 22 17 14 10
CPI Housing Utilities (points) 212.20 202 202 215 242 223
CPI Transportation (points) 188.60 195 200 205 209 213

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 19.00 19 20 20 17 17
Banks Balance Sheet (GHS Million) 196933.81 198000 200000 200000 200000 250000
Foreign Exchange Reserves (USD Million) 8790.04 11050 10800 9700 9700 10000
Central Bank Balance Sheet (GHS Million) 161358.22 123000 120000 120000 120000 105000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 131.10 120 90 320 320 220
Current Account (USD Million) -1094.00 -600 -300 400 400 -700
Current Account to GDP (% of GDP) -2.10 -2.6 -2.6 -3.8 -3.8 -3.8
Imports (USD Million) 1453.60 1170 1230 1080 1080 1180
Exports (USD Million) 1584.70 1290 1320 1400 1400 1400
Capital Flows (USD Million) -1288.00 -300 400 1000 1000 1200
Gold Reserves (Tonnes) 8.74 8.76 8.76 8.76 8.76 8.76
Oil Exports (USD Million) 550.80 320 340 325 325 350
External Debt (USD Million) 28100.00 29700 30000 29850 29850 31000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 81.80 84.5 84.5 84.8 84.8 84.8
Government Budget (% of GDP) -12.10 -7.4 -7.4 -7.4 -7.4 -5
Government Spending (GHS Million) 45681.42 32544 32360 48240 48148 50748
Military Expenditure (USD Million) 237.00 215 215 215 215 215

Taxes Actual Q3 Q4 Q1 Q2 2023
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 12 12 12 13.5 13.5

Business Actual Q3 Q4 Q1 Q2 2023
Leading Economic Index (%) 4.60 3.7 4 6 8 8
Composite PMI (points) 48.80 47.3 49 50.3 50.7 51

Consumer Actual Q3 Q4 Q1 Q2 2023
Gasoline Prices (USD/Liter) 1.35 1.4 1.45 1.51 1.56 1.56
Household Spending (%) 29.30 26 26 26 26 18


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Ghana Forecast - was last updated on Wednesday, August 10, 2022.