Ghana | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 1.9 1.3 1.5 0.96 1.5 percent [+]
Unemployment Rate 5.20 8.9 8.9 8.9 8.9 10 percent [+]
Inflation Rate 15.40 15.8 15.5 15.7 15.5 13 percent [+]
Interest Rate 25.50 25.5 25 25 24 20 percent [+]
Balance of Trade -452.40 -860 -950 -850 -570 -1209 USD Million [+]
Government Debt to GDP 67.60 60.88 64.71 68.54 72.38 64.96 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 4.25 4.32 4.37 4.41 4.45 5.09 [+]
Stock Market 1734.16 1630 1610 1600 1580 1330 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 1.9 1.3 1.5 0.96 1.5 percent [+]
GDP Annual Growth Rate 4.00 4.7 4.5 4.9 5.7 4.9 percent [+]
GDP 37.54 40 40 40 40 46.78 USD Billion [+]
GDP Constant Prices 8929.81 9000 9210 9100 9030 9540 GHS Million [+]
Gross Fixed Capital Formation 33043.93 32816 34689 36561 38433 56619 GHS Million [+]
GDP per capita 1696.64 1725 1728 1732 1735 1906 USD [+]
GDP per capita PPP 3954.52 4107 4151 4195 4240 5032 USD [+]
GDP From Agriculture 7365.00 7708 7778 7848 7918 9112 GHS Million [+]
GDP From Construction 3772.00 3340 3590 3841 4092 4461 GHS Million [+]
GDP From Manufacturing 2288.00 2264 2287 2310 2334 2325 [+]
GDP From Mining 2727.00 2753 2771 2789 2807 2756 GHS Million [+]
GDP From Services 17470.00 17665 17845 18025 18205 20661 GHS Million [+]
GDP From Transport 3416.00 3501 3525 3548 3571 4225 GHS Million [+]
GDP From Utilities 307.00 279 291 303 315 290 GHS Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.20 8.9 8.9 8.9 8.9 10 percent [+]
Job Vacancies 1577.00 1707 1601 1697 1605 1633 [+]
Population 27.41 27.46 27.46 27.87 28.02 30.34 Million [+]
Living Wage Family 1550.00 1550 1500 1500 1580 1800 GHS/Month [+]
Living Wage Individual 384.00 380 330 330 350 630 GHS/Month [+]
Wages High Skilled 1830.00 1880 2000 2000 2100 2550 GHS/Month [+]
Wages Low Skilled 534.00 570 630 630 680 990 GHS/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 15.40 15.8 15.5 15.7 15.5 13 percent [+]
Consumer Price Index CPI 185.30 203 210 216 220 364 Index Points [+]
Producer Prices 531.70 581 581 588 620 830 Index Points [+]
Food Inflation 9.70 7.9 7.7 7.4 7.6 8.96 percent [+]
Inflation Rate Mom 0.90 0.9 1.1 1.2 1.19 1.3 percent [+]
Producer Prices Change 11.90 10.2 10 10.6 11 9.5 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 25.50 25.5 25 25 24 20 percent [+]
Foreign Exchange Reserves 4788.11 4830 4830 4864 4864 4864 USD Million [+]
Banks Balance Sheet 70886.25 71400 70800 73700 74094 85747 GHS Million [+]
Deposit Interest Rate 13.30 12.62 12.92 13.23 13.53 13.87 percent [+]
Central Bank Balance Sheet 41019.58 42126 42983 43581 44107 46110 GHS Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -452.40 -860 -950 -850 -570 -1209 USD Million [+]
Exports 2872.20 2240 2370 2550 3030 3590 USD Million [+]
Imports 3324.63 3100 3320 3400 3600 4799 USD Million [+]
Current Account -532.04 -338 -440 -780 -998 -945 USD Million [+]
Current Account to GDP -7.50 -8.91 -8.77 -8.62 -8.48 -9.53 percent [+]
Capital Flows 85.95 329 -123 826 1893 2318 USD Million [+]
Gold Reserves 8.70 8.7 8.7 8.7 8.7 8.76 Tonnes [+]
Terrorism Index 0.35 0.5 0.57 0.65 0.73 0.65 [+]
Crude Oil Production 59.00 66.39 66.4 66.4 66.4 66.4 BBL/D/1K [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 67.60 60.88 64.71 68.54 72.38 64.96 percent [+]
Government Budget -6.70 -7.8 -7.8 -7.8 -7.8 -8.2 percent of GDP [+]
Government Revenues 2725.09 3073 3152 3219 3304 4309 GHS Million [+]
Military Expenditure 193.90 186 184 182 186 192 USD Million [+]
Government Spending 3169.42 3140 3370 3036 3788 4024 GHS Million [+]
Government Budget Value -963.78 -987 -334 -837 -965 -777 GHS Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Leading Economic Index 3.40 2.27 2.48 2.64 2.28 2.53 percent [+]
Ease of Doing Business 108.00 110 110 110 110 92 [+]
Corruption Index 47.00 47.47 47.61 47.76 47.9 53.01 Points [+]
Corruption Rank 56.00 61.74 61.33 60.92 60.5 61.53 [+]
Competitiveness Index 3.68 3.68 3.68 3.68 3.68 3.82 Points [+]
Competitiveness Rank 114.00 114 114 114 114 118 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Household Spending 23.15 25 25 25 25 28.74 percent [+]
Gasoline Prices 0.89 0.86 0.87 0.87 0.87 0.87 USD/Liter [+]
Bank Lending Rate 38.30 43.4 43.9 44.3 45 40.76 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Home Ownership Rate 47.20 47.2 47.2 47.2 47.2 47.2 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]





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. 1/17/2017