Current Account in Ghana
Ghana - Current AccountA preliminary estimate revealed the economy sustained its momentum in the first quarter, powered by the industrial sector. Mining and quarrying benefited from robust oil output, while an upbeat electricity supply sector also supported the industrial sector. In addition, the services sector expanded at the fastest pace in over three years, led by a strong performance of the information and communication, and health and social work sub-sectors. Growth in the agricultural sector halved in the quarter owing to draught conditions, however. Turning to the second quarter, growth seemed to have moderated a notch. External sector metrics languished in April, with merchandise exports growing only marginally, while merchandise imports contracted at the fastest pace in 30 months as cedi volatility weighed on domestic demand. Moreover, the manufacturing PMI fell for the third consecutive month in June amid a slowdown in new orders.
Ghana - Current Account Data
|Current Account (% of GDP)||-9.5||-7.2||-5.9||-5.2||-3.4|
5 years of economic forecasts for more than 30 economic indicators.
Ghana Current Account Chart
Source: Bank of Ghana
|Exchange Rate||5.35||0.0 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 10|
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.
July 11, 2019
Consumer prices rose 0.8% over the previous month in June, edging down from the 0.9% month-on-month increase in May.
July 3, 2019
The Ghana Purchasing Managers’ Index (PMI) ticked down to 50.5 points in June from 50.6 in May, the weakest reading since November 2018.
June 20, 2019
According to a preliminary estimate released by Ghana’s Statistical Institute, the economy expanded 6.7% year-on-year in the first quarter of the year, down slightly from the previous quarter’s 6.8% increase.
June 12, 2019
Consumer prices rose 0.9% over the previous month in May, following a 1.1% month-on-month increase in April.
June 6, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) ticked down from 51.2 points in April to 50.6 in May, the weakest reading since November 2018.