Current Account in Ghana

Ghana Current Account | Economic News & Forecasts

Ghana - Current Account

A 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.5  -7.2  -5.9  -5.2  -3.4  

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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 Rate5.350.0 %Jul 11
Stock Market0.10.0 %Jul 10

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