Trade Balance in Ghana

Ghana Trade Balance | Economic News & Forecasts

Ghana - Trade Balance

Exports contract at fastest pace in almost four years in December

In December, the last month for which data are available, exports fell 23.2% over the same month of the previous year, which was notably below the 19.0% drop tallied in November. December’s print marked the largest decline since January 2010. Imports fell 8.1% annually in December, which was an improvement compared to November’s 15.1% fall.

As a result of the sharp drop in exports, the trade deficit worsened, totaling USD 320 million in December (November: USD 260 million) and was well below the USD 140 billion deficit recorded in the same month of the previous year. The 12-month moving sum of the trade deficit widened from USD 1.3 billion in November to USD 1.5 billion in December.

FocusEconomics Consensus Forecast panelists project that merchandise exports will decline 5.2% in 2015, while imports will fall 2.3%. For 2016, the panel expects exports to increase 9.9% and imports to rise 9.9% also.

Ghana - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-3.2  -1.8  1.2  1.8  2.3  

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Note: Trade balance in USD bn.
Source: Bank of Ghana

Ghana Facts

Value Change Date
Exchange Rate5.700.0 %Jan 01
Stock Market0.10.0 %Dec 31

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