Ghana recorded a Current Account deficit of 2.50 percent of the country's Gross Domestic Product in 2020. source: Bank of Ghana

Current Account to GDP in Ghana averaged -4.85 percent of GDP from 1980 until 2020, reaching an all time high of 0.10 percent of GDP in 2003 and a record low of -11.90 percent of GDP 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 July of 2021.

Current Account to GDP in Ghana is expected to reach -2.30 percent of GDP by the end of 2021, 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 of GDP in 2022 and -2.80 percent of GDP in 2023, according to our econometric models.

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Ghana Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -2.80 0.10 -11.90 1980 - 2020 percent of GDP Yearly

Ghana Trade Last Previous Highest Lowest Unit
Balance of Trade 138.10 184.60 482.13 -733.10 USD Million [+]
Current Account -370.85 -897.37 327.96 -2184.01 USD Million [+]
Current Account to GDP -2.50 -2.80 0.10 -11.90 percent of GDP [+]
Imports 1083.06 1164.28 1707.00 65.23 USD Million [+]
Exports 1185.70 1349.00 1437.07 141.92 USD Million [+]
Capital Flows 16.75 1274.66 2877.53 -735.08 USD Million [+]
Gold Reserves 8.74 8.74 8.74 8.71 Tonnes [+]
Oil Exports 313.30 326.00 470.09 0.00 USD Million [+]
Terrorism Index 1.74 1.56 1.74 0.00 [+]
Crude Oil Production 186.00 187.00 218.00 1.40 BBL/D/1K [+]
External Debt 24600.00 24700.00 24700.00 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.