Trade Balance in Ghana
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
|Trade Balance (USD billion)||-3.2||-1.8||1.2||1.8||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Source: Bank of Ghana
|Exchange Rate||5.70||0.0 %||Jan 01|
|Stock Market||0.1||0.0 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 6, 2022
The S&P Global Purchasing Managers' index (PMI) came in at 44.9 in November, up from October's 44.0.
November 28, 2022
At its meeting on 25 November, the Monetary Policy Committee of the Bank of Ghana (BoG) hiked its policy rate by a further 250 basis points to 27.00%.
November 3, 2022
The IHS Markit Purchasing Managers’ Index (PMI) fell to 44.0 in October from September's 45.6.
October 6, 2022
At its meeting on 6 October, the Monetary Policy Committee of the Bank of Ghana (BoG) hiked its policy rate by 250 basis points to 24.50%.
October 5, 2022
The IHS Markit Purchasing Managers’ Index (PMI) came in at 45.6 in September, down from August's 45.9.