Current Account in Ghana

Ghana Current Account | Economic News & Forecasts

Ghana - Current Account

Incoming data suggests that growth lost some steam in the second half of this year following a healthy expansion in the first half. PMI fell into negative territory in September, signaling a deterioration in business conditions. The index bounced back into positive territory in October and November, although remained subdued as new business growth remained weak. In addition, survey-based data points to rapidly deteriorating sentiment in the Ghanaian private sector: Both consumer and business confidence weakened further in October against the backdrop of a depreciating cedi, likely weighing on private consumption and investment activity. In more positive news, metrics were more upbeat in the external arena. Despite softer demand for gold and cocoa, exports continued to grow at a healthy rate in October, propped up by surging oil exports.

Ghana - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-12.6  -9.9  -7.8  -6.7  -4.5  

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Ghana Current Account Chart

Ghana Current Account
Note: Current account balance as % of GDP.
Source: Bank of Ghana

Ghana Facts

Exchange Rate4.910.0 %Jan 16
Stock Market0.10.0 %Jan 15

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