Current Account in Ghana

Ghana Current Account | Economic News & Forecasts

Ghana - Current Account

Economic activity seems to have eased in the second quarter, after the industrial sector powered a solid expansion in the first quarter. Lackluster agricultural output likely weighed on growth in Q2, as a crop disease dampened cocoa yields in the harvest season ending in May. In addition, the average PMI for Q2 dropped slightly from Q1’s average amid softer private sector activity, while merchandise exports languished in April on a fall in oil shipments. Nevertheless, the PMI recovered in July on rising output and new orders, which, coupled with upbeat business sentiment, bodes well for business dynamics in Q3. Meanwhile, in early August the government announced higher farmgate prices for the 2019–2020 cocoa harvest, the first increase in four years. The decision followed the June–July implementation of a price floor for cocoa set by Cote d’Ivoire and Ghana, the world’s largest producers.

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 Rate5.480.0 %Sep 04
Stock Market0.10.0 %Sep 04

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