Markets Actual Q2 Q3 Q4 Q1 2021
Currency 5.74 5.83 5.94 6.05 6.15 6.37
Stock Market (points) 1941.03 1630 1370 1150 966 598

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.40 1.2 -0.4 1.4 0.6 1.6
GDP Annual Growth Rate (%) 7.90 -1.7 1.6 2.1 2 3
Unemployment Rate (%) 6.80 7.6 7.6 7.6 8.4 8.4
Inflation Rate (%) 10.60 8 7.7 7.8 7.6 8
Interest Rate (%) 14.50 12.5 10 10 10 12
Balance of Trade (USD Million) 209.15 150 20 -140 235 -70
Current Account (USD Million) 199.90 -530 -1350 -2100 -150 -1850
Current Account to GDP (%) -4.40 -5 -5 -5 -4.6 -4.6
Government Debt to GDP (%) 59.30 63.8 63.8 63.8 66 66
Government Budget (% of GDP) -3.80 -5 -5 -5 -4.7 -4.7
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 2021
GDP Growth Rate (%) 1.40 1.2 -0.4 1.4 0.6 1.6
GDP Annual Growth Rate (%) 7.90 -1.7 1.6 2.1 2 3
GDP (USD Billion) 66.00 70 70 70 66 66
GDP Constant Prices (GHS Million) 41139.97 39467 40681 42004 41963 43264
Gross Fixed Capital Formation (GHS Million) 68445.98 42250 42954 69883 69815 71980
GDP per capita (USD) 1807.10 1970 1970 1970 2050 2050
GDP per capita PPP (USD) 4211.85 4274 4274 4250 4274 4425
GDP From Agriculture (GHS Million) 9317.44 6409 7700 9513 9504 9798
GDP From Construction (GHS Million) 3090.88 2968 3668 3156 3153 3250
GDP From Manufacturing (GHS Million) 4548.69 4783 4993 4644 4640 4784
GDP From Mining (GHS Million) 6290.59 7186 7470 6423 6416 6615
GDP From Services (GHS Million) 15884.19 15494 15014 16218 16202 16704
GDP From Transport (GHS Million) 2064.61 2260 2052 2108 2106 2171
GDP From Utilities (GHS Million) 179.50 169 184 183 183 189

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 6.80 7.6 7.6 7.6 8.4 8.4
Population (Million) 30.28 31.2 31.2 31.07 31.8 31.72
Living Wage Family (GHS/Month) 1720.00 1800 1800 1850 1850 1850
Living Wage Individual (GHS/Month) 900.00 660 660 680 680 680
Wages High Skilled (GHS/Month) 2030.00 2000 2000 2200 2200 2350

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 10.60 8 7.7 7.8 7.6 8
Consumer Price Index CPI (points) 116.60 118 117 119 122 128
Producer Prices (points) 673.40 685 707 735 714 793
Food Inflation (%) 14.40 7.8 8 8.4 7.6 8
Producer Prices Change (%) 7.40 7.3 8 8.5 7.6 8
Inflation Rate Mom (%) 3.80 1 0.8 0.7 0.4 0.8
Cpi Housing Utilities (points) 122.18 368 121 123 125 133
Cpi Transportation (points) 116.23 122 124 124 124 126

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 14.50 12.5 10 10 10 12
Banks Balance Sheet (GHS Million) 134836.49 105000 120000 122000 122000 124500
Foreign Exchange Reserves (USD Million) 9883.04 7600 7600 7350 7350 7400
Central Bank Balance Sheet (GHS Million) 94536.66 64300 76400 78600 78600 82000

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 209.15 150 20 -140 235 -70
Current Account (USD Million) 199.90 -530 -1350 -2100 -150 -1850
Current Account to GDP (%) -4.40 -5 -5 -5 -4.6 -4.6
Imports (USD Million) 974.65 1000 1060 1200 1130 1250
Exports (USD Million) 1183.80 1150 1080 1060 1365 1180
Capital Flows (USD Million) 1375.70 950 1300 2400 -300 1800
External Debt (USD Million) 22900.00 20333 19700 19700 19700 20834

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 59.30 63.8 63.8 63.8 66 66
Government Budget (% of GDP) -3.80 -5 -5 -5 -4.7 -4.7
Military Expenditure (USD Million) 211.00 230 230 230 230 215
Government Spending (GHS Million) 31036.46 26866 27314 31688 31657 32639

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5

Business Actual Q2 Q3 Q4 Q1 2021
Leading Economic Index (%) 2.80 2.6 3 3.6 4 4.5
Composite Pmi (points) 31.70 49.8 51 51.4 51.6 52

Consumer Actual Q2 Q3 Q4 Q1 2021
Household Spending (%) 11.50 23 23 23 23 26
Gasoline Prices (USD/Liter) 0.71 0.81 0.77 0.73 0.69 0.66


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.