Markets Actual Q4 Q1 Q2 Q3 2022
Currency 6.05 6.06 6.09 6.12 6.15 6.21
Stock Market (points) 2842.07 2767 2695 2624 2555 2422

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.90 1.5 2 1.6 1.4 1.6
GDP Annual Growth Rate (%) 3.90 5 4.3 6 5.6 5.8
Unemployment Rate (%) 4.50 4.6 4.4 4.4 4.4 4.4
Inflation Rate (%) 11.00 10 8 7.5 7.3 7
Interest Rate (%) 14.50 14.5 14.5 14.5 16 16
Balance of Trade (USD Million) -53.40 520 300 220 220 220
Current Account (USD Million) -774.45 -650 -400 200 -280 -300
Current Account to GDP (% of GDP) -2.50 -2.3 -2.6 -2.6 -2.6 -2.6
Government Debt to GDP (% of GDP) 78.00 76 74 74 74 74
Government Budget (% of GDP) -13.80 -11.7 -7.4 -7.4 -7.4 -7.4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.90 1.5 2 1.6 1.4 1.6
GDP Annual Growth Rate (%) 3.90 5 4.3 6 5.6 5.8
GDP (USD Billion) 72.35 58 58 58 58 64
GDP Constant Prices (GHS Million) 42205.81 45983 43642 44738 44569 46100
Gross Fixed Capital Formation (GHS Million) 69219.66 40301 72196 73373 73096 76896
GDP per capita (USD) 1940.68 1960 1980 1980 1980 1980
GDP per capita PPP (USD) 5304.98 5100 5100 5100 5100 5400
GDP From Agriculture (GHS Million) 7548.71 8610 9965 8002 7971 10668
GDP From Construction (GHS Million) 3365.57 4284 3712 3568 3554 3460
GDP From Manufacturing (GHS Million) 4612.31 5657 7064 4889 4871 4818
GDP From Mining (GHS Million) 4873.71 8156 5234 5166 5147 6846
GDP From Services (GHS Million) 16083.96 16834 19038 17049 16985 19458
GDP From Transport (GHS Million) 2386.96 2313 2549 2530 2521 2521
GDP From Utilities (GHS Million) 228.56 221 204 242 241 211

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 4.50 4.6 4.4 4.4 4.4 4.4
Population (Million) 30.96 31.72 31.72 31.72 31.72 32.37

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 11.00 10 8 7.5 7.3 7
Consumer Price Index CPI (points) 133.30 134 135 139 142 143
Producer Prices (points) 797.20 797 821 831 834 861
Food Inflation (%) 11.00 6 5.4 5.3 5.1 5
Producer Prices Change (%) 10.60 10 9.6 8 6.7 8
Inflation Rate Mom (%) 0.60 0.2 -0.1 0.3 0.2 0.3
CPI Housing Utilities (points) 162.90 151 163 165 172 162
CPI Transportation (points) 141.30 142 141 142 142 143

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 14.50 14.5 14.5 14.5 16 16
Banks Balance Sheet (GHS Million) 169314.31 184000 193000 196000 198000 200000
Foreign Exchange Reserves (USD Million) 10728.99 9700 8900 9050 9300 9200
Central Bank Balance Sheet (GHS Million) 136584.12 138000 126 118000 123000 120000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -53.40 520 300 220 220 220
Current Account (USD Million) -774.45 -650 -400 200 -280 -300
Current Account to GDP (% of GDP) -2.50 -2.3 -2.6 -2.6 -2.6 -2.6
Imports (USD Million) 1176.86 1200 980 1100 1070 1100
Exports (USD Million) 992.20 1350 1280 1320 1290 1320
Capital Flows (USD Million) 3669.30 200 800 500 -300 400
Gold Reserves (Tonnes) 8.74 8.76 8.76 8.76 8.76 8.76
Oil Exports (USD Million) 261.40 280 265 265 340 320
External Debt (USD Million) 28072.15 26500 27400 25600 26300 26000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 78.00 76 74 74 74 74
Government Budget (% of GDP) -13.80 -11.7 -7.4 -7.4 -7.4 -7.4
Military Expenditure (USD Million) 237.00 215 215 215 215 215
Government Spending (GHS Million) 30702.33 9171 32023 32544 32422 34107

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Leading Economic Index (%) 11.10 8 7.4 6 5 6.2
Composite PMI (points) 51.00 50.6 51.7 52.2 53 53

Consumer Actual Q4 Q1 Q2 Q3 2022
Gasoline Prices (USD/Liter) 1.12 0.69 1.01 0.96 0.91 0.87
Household Spending (%) 29.30 23 23 26 26 26


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 Monday, December 6, 2021.