Current Account in Ghana

Ghana Current Account (USD bn) | Economic News & Forecasts

Ghana - Current Account (billions of U.S. Dollars)

Growth likely slowed in Q1 compared to Q4 2021, with the private-sector PMI slipping on average into contractionary territory and inflation rising to multi-year high levels. Turning to Q2, economic output should be slowing further. April and May’s PMIs moved deeper into contractionary territory amid steeper declines in output and new orders. This was chiefly driven by shortages of key inputs and a continued rise in inflation, which reached an 18-year high in May. Moreover, tighter monetary policy could be affecting investment growth, while the 2021–2022 cocoa crop fell by over 20% from the prior year. More positively, higher prices for key export commodities such as gold and oil will be supporting activity somewhat. In other news, in mid-June Ghana reportedly secured USD 1 billion from international lenders, which should aid the fiscal position.

Ghana - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-2.8  -2.8  -2.0  -2.0  -1.7  

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Ghana Current Account (USD bn) Chart


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

Ghana Facts

Value Change Date
Exchange Rate5.700.0 %Jan 01
Stock Market0.10.0 %Dec 31

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