Ghana Current Account to GDP

Ghana recorded a Current Account deficit of 12.30 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Ghana is reported by the Bank of Ghana. Current Account to GDP in Ghana averaged -4.24 Percent from 1980 until 2013, reaching an all time high of 0.10 Percent in 1980 and a record low of -14.60 Percent in 2007. 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. This page provides - Ghana Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-12.30 -12.10 0.10 -14.60 -13.38 | 2014/06 1980 - 2013 Percent Yearly

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Ghana Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -12.30 2013-12-31 -12.10 0.10 -14.60 -13.38 2014-06-30 Percent [+]
Balance of Trade 1132.00 2013-11-15 -1386.30 1132.00 -1638.10 465.10 2014-03-31 USD Million [+]
Current Account -2313.90 2013-09-30 -1539.90 229.10 -2313.90 -1983.27 2013-12-31 USD Million [+]
Capital Flows 1825.59 2013-08-15 1545.34 2758.18 -51.10 2604.70 2013-12-31 USD Million [+]
Exports 3396.70 2013-11-15 2931.70 4118.30 565.06 3233.53 2014-03-31 USD Million [+]
Imports 4308.90 2013-08-15 4469.10 4747.20 692.74 4263.78 2013-11-30 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Ghana’s Economy Advances 2.7% QoQ in Q4  
Ghana GDP growth accelerated to a quarter-on-quarter seasonally adjusted 2.7 percent in the last three months of 2013. Figures for the previous quarter were revised to show a 4.4 percent contraction, down from a 0.5 percent expansion initially reported.
Ghana GDP Expands 4.9% YoY in Q4  
Ghana's economy advanced 4.9 percent year-on-year in the fourth quarter of 2013. It is the slowest expansion since the third quarter of 2010. Considering the full year, the GDP expanded 7.1 percent.
Ghana Inflation Rate Rises to 4-Year High  
Ghana annual inflation rate increased even further to 14.5 percent in March of 2014. Consumer prices accelerated for the seventh consecutive month, recording the highest inflation rate since February of 2010.
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Ghanaian consumer prices kept its upward trend and rose 14 percent in February of 2014, up from 13.8 percent in January. The inflation rose for the sixth straight month, driven by higher fuel prices, mainly kerosene and transport and dairy costs.
Ghana Inflation Rate Up to 4-Year High  
In January of 2014, Ghana’s annual inflation rate accelerated to 13.8 percent from 13.5 percent in the last month of 2014. It is the highest growth rate since February of 2010.
Lower Gold Production Hurts Ghana GDP  
Ghanaian economy slowed sharply in the third quarter of 2013 and rose a meager 0.5 percent over the previous quarter, down from a 3.9 percent expansion in the previous three-month period. A sharp fall in global gold prices prompted some mines to cut production.
Ghana Q3 2013 GDP Disappoints  
In the third quarter of 2013, Ghana’s GDP growth slowed sharply to 0.3 percent year-on-year from 6.1 percent in the previous quarter, hurt by lower gold and oil production.
Ghana Inflation Rate Edges Up to 13.5% in December  
In December of 2013, Ghana annual inflation rate accelerated for the fourth straight month to 13.5 percent from 13.2 percent recorded in November. It is the highest rate in almost four years, mainly due to higher prices of water supply, electricity, transport, kerosene and gas.
Ghana Inflation Rate Slightly Up to 13.2% in November  
In November of 2013, Ghana’s inflation rate rose marginally to 13.2 percent, from 13.1 percent in October, driven by higher housing, water, electricity, gas, fuel and transport prices.
Ghana Inflation Rate Accelerates to 13.1% in October  
In October of 2013, Ghana’s annual inflation rate rose to a fresh three-year high of 13.1 percent, from 11.9 percent in September. The rise is mainly due to higher cost of non-food items like housing, gas, water, fuels, transport and clothing.
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