Ghana | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 1.1 1.9 1.3 1.5 1.5 percent [+]
Unemployment Rate 5.20 8.7 8.9 8.9 8.9 10 percent [+]
Inflation Rate 15.80 16.2 15.8 15.5 15.9 14.9 percent [+]
Interest Rate 25.50 25.5 25.5 25 25 20 percent [+]
Balance of Trade -712.40 -1030 -860 -950 -850 -1209 USD Million [+]
Government Debt to GDP 67.60 72.38 71.48 70.58 69.68 64.96 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 4.30 4.08 4.12 4.16 4.2 4.85 [+]
Stock Market 1518.69 1650 1630 1620 1600 1330 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 1.1 1.9 1.3 1.5 1.5 percent [+]
GDP Annual Growth Rate 2.50 3.9 4.7 4.5 4.9 4.9 percent [+]
GDP 37.86 37 40 40 40 46.78 USD Billion [+]
GDP Constant Prices 8851.30 8760 9000 9210 9100 9540 GHS Million [+]
Gross Fixed Capital Formation 33043.93 38433 39470 40506 41542 56619 GHS Million [+]
GDP per capita 1696.08 1735 1746 1757 1768 1906 USD [+]
GDP per capita PPP 3953.21 4240 4286 4332 4378 5032 USD [+]
GDP From Agriculture 7365.00 7920 7991 8063 8134 9114 GHS Million [+]
GDP From Construction 3772.00 4092 4073 4054 4035 4461 GHS Million [+]
GDP From Manufacturing 2288.00 2334 2331 2328 2325 2325 [+]
GDP From Mining 2727.00 2807 2778 2749 2719 2756 GHS Million [+]
GDP From Services 17470.00 18205 18376 18546 18717 20661 GHS Million [+]
GDP From Transport 3416.00 3579 3603 3628 3652 4237 GHS Million [+]
GDP From Utilities 307.00 315 312 308 305 290 GHS Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.20 8.7 8.9 8.9 8.9 10 percent [+]
Job Vacancies 1577.00 1587 1707 1601 1697 1633 [+]
Population 27.41 27.46 27.46 27.46 28.47 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 1880 2000 2000 2550 GHS/Month [+]
Wages Low Skilled 534.00 570 570 630 630 990 GHS/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 15.80 16.2 15.8 15.5 15.9 14.9 percent [+]
Consumer Price Index CPI 182.00 191 203 210 216 364 Index Points [+]
Producer Prices 525.40 556 581 581 588 830 Index Points [+]
Food Inflation 8.70 8.5 7.9 7.7 7.4 8.63 percent [+]
Inflation Rate Mom 2.70 0.6 0.9 1.1 1.2 1.3 percent [+]
Producer Prices Change 9.80 10.4 10.2 10 10.6 9.5 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 25.50 25.5 25.5 25 25 20 percent [+]
Foreign Exchange Reserves 4903.32 4730 4830 4830 5023 5023 USD Million [+]
Banks Balance Sheet 70334.44 70400 71400 70800 73700 85747 GHS Million [+]
Deposit Interest Rate 13.30 13.53 13.58 13.62 13.66 13.87 percent [+]
Central Bank Balance Sheet 41140.33 41699 42126 42983 43581 46110 GHS Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -712.40 -1030 -860 -950 -850 -1209 USD Million [+]
Exports 2525.50 2470 2240 2370 2550 3590 USD Million [+]
Imports 3288.50 3500 3100 3320 3400 4799 USD Million [+]
Current Account -532.04 -345 -338 -440 -780 -945 USD Million [+]
Current Account to GDP -7.50 -8.48 -8.75 -9.02 -9.29 -9.53 percent [+]
Capital Flows 167.63 2066 329 -123 826 2318 USD Million [+]
Gold Reserves 8.70 8.7 8.7 8.7 8.7 8.76 Tonnes [+]
Terrorism Index 0.35 0.73 0.7 0.68 0.66 0.65 [+]
Crude Oil Production 59.00 66.33 66.39 66.4 66.4 66.4 BBL/D/1K [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 67.60 72.38 71.48 70.58 69.68 64.96 percent [+]
Government Budget -6.70 -7.2 -7.8 -7.8 -7.8 -8.2 percent of GDP [+]
Government Revenues 2725.09 2995 3073 3152 3219 4309 GHS Million [+]
Military Expenditure 193.90 186 184 182 186 192 USD Million [+]
Government Spending 3169.42 3540 3140 3370 3036 4024 GHS Million [+]
Government Budget Value -963.78 -734 -987 -334 -837 -777 GHS Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Leading Economic Index 5.00 3.07 2.09 2.55 2.07 2.34 percent [+]
Ease of Doing Business 108.00 108 110 110 110 92 [+]
Corruption Index 47.00 47.94 48.09 48.24 48.38 53.11 Points [+]
Corruption Rank 56.00 60.5 60.11 59.71 59.32 61.53 [+]
Competitiveness Index 3.68 3.58 3.68 3.68 3.68 3.82 Points [+]
Competitiveness Rank 114.00 119 114 114 114 118 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Household Spending 23.15 22.9 25 25 25 28.74 percent [+]
Gasoline Prices 0.83 0.84 0.82 0.81 0.81 0.81 USD/Liter [+]
Bank Lending Rate 42.84 43 43.4 43.9 44.3 47.59 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Home Ownership Rate 47.20 47.2 47.2 47.2 47.2 47.2 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/7/2016