Ghana recorded a Current Account deficit of 2.80 percent of the country's Gross Domestic Product in 2019. source: Bank of Ghana

Current Account to GDP in Ghana averaged -4.91 percent from 1980 until 2019, reaching an all time high of 0.10 percent in 2003 and a record low of -11.90 percent in 2008. This page provides - Ghana Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Ghana is expected to reach -4.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Current Account to GDP is projected to trend around -3.20 percent in 2021 and -3.00 percent in 2022, according to our econometric models.

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Ghana Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -3.10 0.10 -11.90 1980 - 2019 percent Yearly

Ghana Trade Last Previous Highest Lowest Unit
Balance of Trade 370.70 -24.30 482.13 -733.10 USD Million [+]
Current Account -709.30 -663.00 327.96 -2184.01 USD Million [+]
Current Account to GDP -2.80 -3.10 0.10 -11.90 percent [+]
Imports 919.30 1185.80 1707.00 65.23 USD Million [+]
Exports 1290.00 1161.50 1437.07 141.92 USD Million [+]
Capital Flows -112.00 437.30 3067.60 -621.92 USD Million [+]
Gold Reserves 8.74 8.74 8.74 8.71 Tonnes [+]
Oil Exports 291.20 211.80 470.09 0.00 USD Million [+]
Terrorism Index 1.74 1.56 1.74 0.00 [+]
Crude Oil Production 194.00 196.00 218.00 1.40 BBL/D/1K [+]
External Debt 24300.00 24000.00 24300.00 2310.06 USD Million [+]


Ghana Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.